. >> when can we expect to see the second round awardsmade? -- awards made? how hard is that schedule? >> we have to have all of the funds obligated by september 30. we will start making awards in july. most of them will be done in large amounts through the middle of july and the middle of august. we will have time to go through the mechanics of the papers getting signed and everything didn't obligated by the september 30 deadline -- everything getting obligated by the september 30 deadline. we need to make sure we get broadband where it needs to be. the demand is greater than the supply. we need to get them signed, sealed, and delivered. >> they have to be in their hands by september 30, or the funds go away? >> there have to be a commitment by the federal government. we do not provide the funding -- there has to be a commitment by the federal government. we did not provide the funding until the project as begun. -- has begun. did not cut a check up front -- we do not cut a check upfront. we do it as they build out the project. >> once is a big bond -- once