922 loans Options

(iii) The standard for each capita profits of the residents receiving electrical services from the applicant is lower than the normal for each capita cash flow on the residents of the Condition wherein the applicant gives service, or maybe the median family cash flow of the households getting electric provider in the applicant is fewer than the median family money of the homes from the State.

Loans made out of or insured through the fund shall be for the same uses and on exactly the same stipulations as are provided for loans in subchapters I and II of the chapter apart from as usually furnished in sections 933 to 938 inclusive.

"(b) Assertion of Coverage.—It is the policy with the Congress that the Rural Electrification Administration make loans that aid the event and enhancement of the rural telecommunications infrastructure to be able to make fashionable telecommunications technologies and providers accessible at fair costs to the greatest practicable number of folks in rural locations in America."

(i) be performed in a proposed service territory by which not less than ninety % from the homes are unserved; and

(i) submit for the Secretary an software at this sort of time, in these types of way, and that contains these types of details since the Secretary may perhaps demand;

No sums In combination with the payment in the fantastic principal equilibrium thanks on the mortgage could possibly be billed as the results of this sort of prepayment from the borrower, the fund, or even the Secretary.

In order to execute the provisions of this chapter the Secretary may well take and employ this kind of voluntary and uncompensated solutions of Federal, State, and native officers and staff as are offered, and he may well appoint and take care of the payment of Lawyers, engineers, and specialists and he may perhaps, topic into the civil-assistance laws, appoint these kinds of other officers and staff members as he may discover required and prescribe their responsibilities.

amended segment commonly, inserting section catchline and substituting recent provisions for provisions relating to money of Secretary, which include provisions for loans by Secretary of the Treasury, authorization of appropriations, allotment of funds for loans in States, loans of unallotted funds, and unexpended money and limitation on use.

(three) the borrower certifies that any price savings from these kinds of prepayment will be passed on to its shoppers or used to Increase the monetary energy of the borrower in scenarios of financial hardship.

Except as delivered in clause (ii), subparagraph (A)(ii) shall not use to an incumbent company service provider during the part of a proposed service territory wherein the company is upgrading broadband services to fulfill the bare minimum appropriate amount of broadband service proven under subsection (e) for the existing read more territory from the incumbent service supplier.

(A) that describes a venture created to lower the cost of broadband deployment, and significantly increase broadband pace to not under the utmost 1 broadband buildout requirements established less than section 950bb(e)(4) of this title, in the rural spot to become served from the venture; and

(three) all collections of principal and desire received on and right after July 1, 1972, on notes, bonds, judgments, or other obligations manufactured or held underneath subchapters I and II of this chapter and beneath this subchapter, which shall be paid into and become property with the fund;

Pub. L. one hundred fifteen–334, § 6211, substituted “furnishing telephone company in rural regions, which include indebtedness of recipients on A further telecommunications personal loan designed under this chapter.” for “furnishing telephone company in rural places: Delivered, That these kinds of refinancing shall be based on the Secretary to get vital in an effort to furnish and make improvements to phone services in rural places: And offered even further, That such refinancing shall constitute not over 40 per centum of any mortgage created beneath this subchapter.”

(one) in coordination with State rural progress initiatives, make grants and loans to folks, States, political subdivisions of States, along with other entities arranged beneath the rules of States to amass, build, prolong, up grade, and normally make improvements to Electrical power technology, transmission, or distribution amenities serving communities wherein the standard household expenditure for household Electricity is not less than 275 percent from the national average household expenditure for household Electricity (as determined by the Power Info Company working with The latest information accessible);