The Secretary shall establish a program to be known as the “Innovative Broadband Advancement Program”, under which the Secretary may provide a grant, a loan, or both to an eligible entity for the purpose of demonstrating innovative broadband technologies or methods of broadband deployment that significantly decrease the cost of broadband deployment, and provide substantially faster broadband speeds than are available, in a rural area.
In this section, the term “rural area” has the meaning provided in section 950bb(b)(3) of this title.
There is authorized to be appropriated to carry out this section $10,000,000 for each of fiscal years 2019 through 2023.