Not known Details About 922 loans
Not known Details About 922 loans
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(D) the approximated number and proportion of service points during the proposed services territory without having mounted broadband support, whether or not terrestrial or wi-fi;
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" in 2nd sentence and "Which no duplication" for ", nor shall this sort of mortgage be built in any Point out which now has or may perhaps hereafter Have got a Condition regulatory system obtaining authority to manage phone provider also to have to have certificates of usefulness and necessity to the applicant Until these types of certificate from this kind of agency is to start with received. Within a State by which there is no these agency or regulatory system legally approved to concern such certificates on the applicant, no loan shall be made underneath this section Until the Secretary shall identify (and set forth his explanations therefor in creating) that no duplication" in very last sentence.
(aa) the quantity (if any) by which the price reduction the borrower been given by purpose of the prepayment exceeds the price reduction the borrower would've received experienced the price reduction been based upon the price of cash towards the Section with the Treasury at enough time of the prepayment; and
relates to the issuance of rules to perform amendments created by the Act and is particularly set out being a Be aware underneath section 901 of this title. For finish classification of the Act into the Code, see Brief Title of 1993 Amendment Notice established out underneath segment 901 of this title and Tables.
(II) the payment amounts that could be demanded through the interval over the quantities getting refinanced or prepaid if the interest amount on the mortgage were being equal to the then existing cost of cash towards the Department on the Treasury for obligations of similar maturity for the financial loan staying refinanced or pay as you go.
§922. Loans for phone support Section Textual content From these kinds of sums as are on occasion created offered through the Congress to the Secretary for these reason, pursuant to area 903 of the title, the Secretary is authorized and empowered for making loans to folks now giving or who may perhaps hereafter present phone services in rural parts, to public bodies now providing phone services in rural regions also to cooperative, nonprofit, confined dividend, or mutual associations.
Apart from as presented in subsection (b), the Secretary shall take into consideration any portion of a company territory that is topic to An impressive grant agreement in between the Secretary and also a broadband provider to be unserved to the needs of all broadband guidance packages underneath this chapter, When the broadband provider in that part of a services territory is fewer than 10 Mbps downstream transmission potential or below one Mbps upstream transmission ability.
inserted "and for your furnishing and improving upon of electric support to people in rural places, including by assisting electric borrowers to employ desire side management, Vitality conservation packages, and on-grid and off-grid renewable Electricity techniques" just after "central station services".
substituted ", besides that, with regard to any bank loan" for ": Provided, on the other hand, That with respect to any loan" and struck out ", and with respect to any financial loan produced underneath area 905 of the title, the payment of principal or interest shall not be extended in excess of two many years soon after this kind of payment shall became thanks: And supplied additional, Which the provisions of the portion shall not apply to any obligations or the security therefor which may be held because of the Reconstruction Finance Company underneath the provisions of portion 903 of the title" immediately after "this sort of payment shall are getting to be due".
The Secretary shall ensure that the kind and amount of, and way of protection utilized to protected, any mortgage or financial loan assure beneath this part is commensurate to the chance associated with the personal loan or loan promise, particularly in any situation through which the financial loan or loan assurance is issued to the financially sturdy and steady entity, as based on the Secretary.
(iv) The standard quantity of subscribers per mile of line in the region included in the proposed loan is not much more than 17.
The Secretary shall set up a software for being called the "Revolutionary Broadband Advancement Method", beneath which the Secretary could supply a grant, a loan, or both of those to an qualified entity for the purpose of demonstrating impressive broadband technologies or ways of broadband deployment that substantially lower the cost of broadband deployment, and supply significantly speedier broadband speeds than can be found, inside of a rural location.
In the request of a private lender delivering financing to this type of borrower for any money expense, the Secretary shall, expeditiously, possibly present to share The federal government's get more info lien around the borrower's technique or offer to subordinate The federal government's lien on that assets financed via the non-public lender.