About 922 loans
About 922 loans
Blog Article
(D) the approximated variety and proportion of company details inside the proposed service territory with no fixed broadband service, whether terrestrial or wireless;
The quantity of an allocation designed to the State for any fiscal calendar year under subparagraph (A) shall bear the same ratio to the amount of allocations created for all States to the fiscal 12 months as—
An eligible entity that receives a grant below the Program shall utilize the grant to carry out a project that—
(A) immediately after supplying discover needed by subsection (a)(1), find the money for provider vendors not below 45 times to voluntarily post information required from the Secretary on to the agency's on the internet mapping Resource with respect to places that are coterminous with the proposed assistance area of the applying (or any sections thereof), this sort of that the Secretary might evaluate no matter whether the applying submitted satisfies the eligibility necessities underneath this subchapter; and
§926. Selected rural growth investments by experienced telephone borrowers not addressed as dividends or distributions
(B) the bond or Take note issued by the lender wouldn't be investment decision grade quality with no ensure; or
Not afterwards than one yr after the date of enactment of this portion and yearly thereafter, the Secretary shall submit to Congress a report that describes—
Any contract of insurance policies or guarantee executed with the Secretary below this subchapter shall be an obligation supported by the full faith and credit rating of America and incontestable aside from fraud or misrepresentation of which the holder experienced precise information at time it became a holder.
The phrase "incumbent services provider", with regard to an software submitted underneath this section, signifies an entity that, as from the day of submission of the appliance, is supplying broadband assistance not to under 5 percent from the homes inside the support territory proposed in the appliance.
substituted provisions setting up an desire rate at 5 per centum for each annum along with a decrease fee, but not a lot less than two per cent, under the enumerated criteria, for provisions establishing regular and Exclusive rates, with Specific fees applicable below enumerated requirements.
For the goal of relieving borrowers of unwanted and burdensome demands, the Secretary, guided through the methods of personal lenders with respect to identical credit rating risks, shall challenge polices, relevant to any electric powered borrower underneath this chapter whose Internet truly worth exceeds 110 percent on the superb principal harmony on all loans built or guaranteed to the borrower from the Secretary, to reduce These approval rights, prerequisites, limits, and prohibitions the Secretary usually might set up with respect for the operations of this type of borrower.
Clause (ii) shall not use to some personal loan to get made to an applicant for the goal of furnishing or improving electric powered support to people located in an city place (as defined with the Bureau of your Census) if the normal quantity of consumers for each mile of line of the total electric process in the applicant exceeds seventeen.
A borrower that receives an extension under this part shall pay out a rate on the Secretary which shall be credited to The agricultural Electrification and Telecommunications Loans Application account. These costs shall continue to be offered without having fiscal 12 months limitation to pay the modification prices for extensions.
(1) in coordination with Point out rural advancement initiatives, make grants and loans to folks, States, more info political subdivisions of States, and various entities organized underneath the regulations of States to acquire, assemble, prolong, upgrade, and otherwise increase Electrical power era, transmission, or distribution amenities serving communities wherein the typical residential expenditure for house Electrical power is not less than 275 p.c in the national regular household expenditure for house Power (as based on the Power Facts Company utilizing The newest knowledge obtainable);