(1) There is hereby established a fund to be known as the Universal Service
Fund which shall be managed and administered by the Commission.
(2) The object and the purpose of the Fund shall
be to support widespread access to, support capacity building and promote
innovation in information and communications technology services.
(3) There shall be a universal service levy (in
this Part referred to as the “levy”) that shall be charged by the Commission on
the licensees under this Act for purposes of the Universal Service Fund.