Not known Factual Statements About 922 loans

(B) the Secretary determines the proposed middle mile network will probably be effective at supporting retail broadband provider Conference the maximum broadband buildout prerequisite established below part 950bb(e)(four) of this title for the inhabitants throughout the proposed service territory.

The level of an allocation manufactured to your Condition to get a fiscal calendar year under subparagraph (A) shall bear the same ratio to the quantity of allocations designed for all States for the fiscal 12 months as—

(4) any outreach actions completed with the Secretary to encourage entities in rural areas devoid of broadband assistance to post applications underneath this chapter;

To be suitable for the grant beneath this area, Together with the requirements of subsection (d), the project that's the subject of the grant shall—

In an effort to insure coordination of electric powered generation and transmission financing less than this chapter Together with the countrywide Vitality coverage, the Secretary in making or guaranteeing loans for the construction, operation, or enlargement of producing crops or electric transmission lines or programs, shall take into consideration these kinds of general requirements in keeping with the provisions of the chapter as might be revealed because of the Secretary of Energy.

inserted provisions referring to loans produced by Federal Financing Lender with regard to assures issued below this section, and substituted "an insured mortgage" for "a mortgage insured in the standard amount".

The borrower shall pay back the payment demanded below this portion at the time the present warranty is extended by producing a payment in the quantity of the required payment.

If a borrower fulfills the penalty demands of paragraph (one) by raising the superb principal equilibrium of the loan progress that's becoming refinanced, the borrower shall create a payment at the time of the refinancing equivalent to 2.

Not a lot less than three % and never over 5 percent of quantities appropriated to perform this area for the fiscal yr shall be used for technical aid and schooling underneath this paragraph.

(ii) the volume of quarterly payment dates between the very first quarterly payment date that happens twelve a long time once the stop of your calendar year wherein the amount staying refinanced was Superior as well as maturity day with the mortgage advance; and

The quantity of the once-a-year fee paid out for that ensure of a bond or Take note less than this segment website shall be equal to 30 foundation factors of the quantity of the unpaid principal in the bond or Be aware guaranteed under this portion.

If a borrower plus the Secretary have entered into an arrangement with regard into a prepayment happening right before October 21, 1992, this paragraph shall supersede any provision within the settlement referring to the restoration of eligibility for loans less than this chapter.

(B) if no broadband support company submits facts less than paragraph (one), take into consideration the number of providers in the proposed services region to become set up by using any other data concerning the availability of broadband company which the Secretary may possibly acquire or get via affordable efforts.

Selected rural progress investments by experienced telephone borrowers not treated as dividends or distributions.

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