About 922 loans
About 922 loans
Blog Article
On the ask for with the borrower, the Secretary is authorized and directed to refinance with loans that will be insured below this chapter in the fascination costs presented in part 935 of the title any loans made for rural electric powered and phone amenities under any provision on the Consolidated Farm and Rural Improvement Act [seven U.S.C. 1921 et seq.].
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A lender shall not get a assurance beneath this part for just a bond or Take note if, at time of your guarantee, the overall principal level of such confirmed bonds or notes outstanding on the lender would exceed the principal amount of excellent loans of your lender for eligible reasons described in subsection (a)(1).
inserted ", to general public bodies now offering phone service in rural parts" following "parts" in first sentence and soon after "spots" in very first proviso of next sentence.
(two) Assistance the very long-time period viability, sustainability, and utility of federally supported rural broadband infrastructure, by analyzing the specialized capabilities on the systems now available and fairly envisioned to be obtainable by 2035 to satisfy the broadband assistance needs of rural residents recognized beneath paragraph (1), like by examining the next:
(A) the duplication of any present suitable broadband support provided by A different entity from the suitable service spot; or
(one) Subject to limitations established in appropriations Functions, the Secretary shall allow any borrower to defer the payment of principal and interest on any insured or direct loan designed under this chapter under situation explained During this subsection, notwithstanding any limitation contained in subsection (a), apart from that these types of deferment shall not be permitted according to the determination from the Secretary of the fiscal hardship on the borrower.
The Secretary might not demand an entity that proposes to possess a subscriber projection of lower than 20 p.c in the broadband service sector in a rural place to submit into the Secretary a current market survey.
Not a lot less than three per cent and never a lot more than 5 percent of quantities appropriated to perform this area for any fiscal yr shall be used for technological guidance and education beneath this paragraph.
(A) proof satisfactory for the Secretary that a Federal or Point out company with jurisdiction and knowledge has designed an Formal resolve, for instance by way of a licensing proceeding, extending the handy life of a creating plant or transmission line pledged as collateral to or further than The brand new last maturity date being requested with the borrower, or
Not below 3 but not more than 5 per cent of plan stage amounts accessible pursuant to quantities appropriated to execute subchapter VI shall be set aside to be used for—
(3) all collections of principal and curiosity gained on and after July one, 1972, on notes, bonds, judgments, or other obligations made or held under subchapters I and II of the chapter and less than this more info subchapter, which shall be compensated into and become property in the fund;
§ 926. Specified rural growth investments by skilled telephone borrowers not handled as dividends or distributions
The Secretary may obligate, although not disperse, funds beneath this chapter ahead of the completion of normally needed environmental, historic, or other sorts of evaluations Should the Secretary decides that a subsequent web page-certain evaluate shall be satisfactory and easily attained for the location of towers, poles, or other broadband services from the services spot of the borrower without having compromising the challenge or the necessary testimonials.