Not known Details About 922 loans
Not known Details About 922 loans
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The Secretary may perhaps make insured phone loans to the acquisition, obtain, and set up of telephone strains, programs, and facilities (in addition to properties employed primarily for administrative applications, cars not utilized mostly in development, and shopper premise tools) relevant to the furnishing, advancement, or extension of rural telecommunications service, at an desire fee equal to the then existing Value of cash to the Government of The us for loans of similar maturity, but not greater than 7 per cent each year, to any applicant for your loan who meets the next requirements:
The Secretary shall not deny or reduce any personal loan or personal loan progress under this chapter depending on a borrower's degree of standard funds.
Entities that receive aid to assemble, enhance, or purchase Center mile infrastructure less than this area shall be qualified to use for additional funds below this subchapter to offer for retail broadband service to end consumers.
substituted provisions setting out the liabilities of the Rural Electrification and Telephone Revolving Fund as well as allowable uses for which fund belongings shall be out there, for provisions, which the monies in the rural telephone account ought to keep on being on deposit while in the Treasury of America until disbursed.
(A) Harmonize broadband notification and reporting necessities and build prevalent verification strategies across all federally supported broadband applications.
(B) any spot inside of a service region of a borrower for which a borrower has an outstanding bank loan designed less than subchapters I through V as in the date of enactment of the paragraph.
(I) connecting, assisting with connecting, or enabling the relationship of retail broadband techniques that provide rural parts get more info throughout the proposed assistance territory to the middle mile infrastructure job in An economical and economically competitive way;
(i) a borrower that has prepaid a loan, either just before or following October 21, 1992, at a discount fee as provided by paragraph (three), shall not be qualified, other than in the discretion with the Secretary, to apply for or receive immediate or insured loans beneath this chapter during the one hundred twenty-thirty day period period of time starting to the day of the prepayment; and
In issuing rules applying this part, the Secretary may establish requirements, guided through the techniques of personal lenders, making sure that the safety for virtually any personal loan built or certain beneath this chapter is reasonably suitable.
"(two) may not demand any rural utility that is a borrower of loans issue to segment 306A to produce unreasonable reductions in prices to its shoppers to be a affliction of these prepayment."
added portion catchline and textual content and struck out former text which study as follows: "There is certainly hereby developed and set up an company of The usa being generally known as the 'Rural Electrification Administration', every one of the powers of which shall be exercised by an Administrator, who shall be appointed through the President, by and with the advice and consent with the Senate, for your phrase of ten yrs, and who shall receive a income of $10,000 each year. This chapter may be cited as being the 'Rural Electrification Act of 1936'."
The borrower shall certify in composing if the funding will probably be tax exempt and shall adjust to these types of other conditions and terms since the Secretary may create that are sensible and needed to perform this subsection.
When deciding to benefit from the payment guidance authority beneath paragraph (2) the Secretary shall take into consideration whether the payment help will—
The Secretary may perhaps obligate, but not disperse, resources beneath this chapter prior to the completion of normally demanded environmental, historical, or other types of assessments If your Secretary decides that a subsequent site-precise evaluation shall be suitable and easily completed for The situation of towers, poles, or other broadband facilities from the services place of the borrower devoid of compromising the project or even the expected critiques.