§  27.1417   Reimbursement fund.

   The Relocation Payment Clearinghouse will establish and administer an
   account that will fund the costs for the transition of this band to the
   3.7 GHz Service after an auction for the 3.7 GHz Service concludes.
   Licensees in the 3.7 GHz Service shall pay their pro rata share of six
   months' worth of estimated transition costs into a reimbursement fund,
   administered by the Relocation Payment Clearinghouse, shortly after the
   auction and then every six months until the transition is complete. The
   Relocation Payment Clearinghouse shall draw from the reimbursement fund
   to pay approved, invoiced claims, consistent with § 27.1418. If the
   reimbursement fund does not have sufficient funds to pay approved
   claims before a six-month replenishment, the Relocation Payment
   Clearinghouse shall provide 3.7 GHz Service licensees with 30 days'
   notice of the additional pro rata shares they must contribute. At the
   end of the transition, the Relocation Payment Clearinghouse shall
   refund any unused amounts to 3.7 GHz Service licensees according to
   their pro rata shares.