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Rappahannock broadband authority votes to move $500,000 into local investment pool pending written approvals
Summary
At a joint broadband authority meeting Feb. 2, supervisors pressed AllPoints on VAD I/BEAD buildout maps and voted to transfer $500,000 from a regional account into the Rappahannock County Broadband Authority (RCBA) investment pool, conditionally pending written confirmation from regional and state grant administrators and notice to co‑funding partners.
The Rappahannock County Broadband Authority on Feb. 2 approved a motion to transfer $500,000 from an account held with the Northern Shenandoah Valley Regional Commission into the county’s RCBA investment account to earn higher interest. The transfer was approved after supervisors sought assurances from the regional fiscal agent and the state housing and community development authority that the move is permissible and asked staff to notify co‑funding partners (schools, PATH, other local stakeholders).
The motion grew out of a lengthy briefing on the status of AllPoints’ VAD I (Virginia’s broadband expansion) and BEAD (federal BEAD) buildout plans. Staff reported that conduit installation and active construction have begun in Castleton…
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