(a) The Arkansas High Cost Fund administrator shall:
(1) On March 19, 2013, begin making assessments to ensure proper funding to program participants; and
(2) Ninety (90) days after March 19, 2013, begin making distributions to eligible participants.
(b)
(1) On the first day of the calendar quarter after March 19, 2013, the administrator shall use previous calculations of the annual determination and recalculate the support for all participants in the fund based on the revised cap.
(2) The difference between the recalculation and the current administrator's determination shall be known as the "transitional funding cap".
(3) The transitional funding cap shall be transitioned from being unfunded to funded.
(4) If the effective date of payment of any part of the transitional funding cap occurs on a date that is not the beginning of a calendar year, the partial calendar year shall be prorated for the purpose of payment of the transitional funding cap for the remainder of the calendar year.
(c) Annually beginning January 1, 2014, the administrator shall determine the fund support during the annual determination process as described in § 23-17-404(e)(4)(C)(ii)(a) and pay the fund's eligible telecommunications carrier participants.
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