About 922 loans
About 922 loans
Blog Article
The Secretary shall immediately make available to the public, one a completely searchable database on the website of the Rural Utilities Support that contains information on all retail broadband assignments presented aid or for which aid is sought which might be administered because of the Secretary, which includes, at a least—
The Secretary shall not deny or cut down any financial loan or bank loan progress beneath this chapter based upon a borrower's standard of basic funds.
(B) the existing worth of the bank loan discounted within the face value at maturity at the rate recognized because of the Secretary.
For purposes of the part, an 'qualified country' is any country that applies with regard to The us an arrangement making certain reciprocal access for United states of america products and services and United States suppliers to the markets of that state, as based on The us Trade Agent."
The Secretary shall take into account the existing recurring revenues on the entity at some time of application in pinpointing an ample standard of credit rating guidance.
When the Secretary herein supplied for is uncovered through the President of America to become responsible of the violation of the segment, he shall be faraway from office because of the President, and any appointee or selection of officers or workforce made by the Secretary who's uncovered responsible of a violation of this chapter shall be taken out via the Secretary.
§934. Approved money transactions; interim notes; order of obligations for resale; sale of notes and certificates; liens
Except as presented in subsection (b), the Secretary shall look at any percentage of a support territory that may be issue to An excellent grant arrangement involving the Secretary as well as a broadband company to generally be unserved with the applications of all broadband help plans beneath this chapter, In case the broadband support in that percentage of a provider territory is a lot less than 10 Mbps downstream transmission capacity or lower than one Mbps upstream transmission ability.
The Secretary shall call for any entity obtaining help underneath portion 950bb–one of the title to post a semiannual report for 5 many years soon after completion of your venture, in a very structure specified via the Secretary, that describes—
Besides as provided in clause (ii), subparagraph (A)(ii) shall not implement to an incumbent service company while in the portion of a proposed assistance territory during which the service provider is upgrading broadband support to fulfill the bare minimum acceptable amount of broadband service recognized below subsection (e) for the prevailing territory from the incumbent assistance provider.
(B) a certification from an impartial licensed engineer concluding, on The premise of an intensive engineering Assessment satisfactory towards the Secretary, which the handy lifetime of the producing plant or transmission line pledged as collateral extends to or further than The brand new ultimate maturity date remaining asked for with the borrower.
A borrower of a loan made by the Federal Funding Lender and confirmed less than portion 936 of the title may well, at the option on the here borrower, refinance or prepay the financial loan or an advance within the bank loan, or any portion of the financial loan or advance.
in initially sentence, struck out "with the furnishing of electric Electricity to persons in rural regions who're not acquiring central station assistance and" soon after "transmission and distribution lines or systems" and substituted "portion 903 of the title," for "the provisions of sections 903(d) and 903(e) of the title but without having regard on the twenty five for each centum limitation therein contained,", in next sentence, substituted ", except that" for ": Presented, further more, That all these kinds of loans shall be self-liquidating within a period of not to exceed 30-5 years, and shall bear interest at the rate of 2 per centum per annum; curiosity costs over the unmatured and unpaid equilibrium of any loans made pursuant to this segment prior to September 21, 1944, shall be adjusted to 2 per centum for every annum, and also the maturity date of any such loans might be readjusted to manifest in a day not over and above 30-5 years through the date of these loan: And provided even further, That", and in third sentence, struck out "and section 905 of this title" right before "shall not be designed".
(five) give data to electrical and telephone borrowers less than this chapter in regards to the eligibility of such borrowers to submit an application for financial help, loans, or grants from other Federal agencies and non-Federal resources to permit these borrowers to develop their rural progress initiatives; and