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My hometown had to request a local ISP submit a grant request to the federal government in order to fund the expansion of high speed Internet in our area. My town and 2 others were approved; a 4th town in my area was denied and needed to re-accomplish and resubmit their grant request.
I don't know all the fine legal details of the grant, but I know that the ISP is required to put the funds toward development in the areas outlined in the grant request.
The last time our president attempted a high speed Internet initiative (I think it was Bush Jr?), they just gave money to ISPs and told them to spend it on upgrading their networks. There was no accountability, so most companies just pocketed the money.
Yeah Verizon did this shit so hard in West Virginia. Sure they pulled fiber all over the state, but they stopped at the cities. They made so much money, but hardly anyone could access the network.
I got fiber to my home 15 years later from a different company.