; (B) remove such census block or census block group from the auction; and (C) reduce the budget for the auction by 50 percent of the amount of the award and reduce the budget for the Rural Digital Opportunity Fund Phase II auction provided for in such Report and Order by 50 percent of the amount of the award. (3) The Commission shall require an applicant submitting a long-form application pursuant to paragraph (1), in order for such application to be considered complete— (A) to demonstrate project readiness by providing a network design for a fiber optic cable or hybrid fiber optic and coaxial cable network (which may include other technology used in conjunction with the foregoing solely on an ancillary basis) to be deployed to provide gigabit broadband internet access service to locations in each census block or census block group covered by the application, except that an applicant that has offered gigabit broadband internet access service (despite consumer equipment limitations) for at least 2 years before the date on which the application is submitted shall be presumed to have demonstrated project readiness; (B) to demonstrate financial stability by providing a letter of commitment from a bank or other documentation to establish that sufficient credit would be available to such applicant if such applicant becomes a winning bidder and is awarded support; and (C) to commit to— (i) begin construction not later than 6 months following funding authorization