5 Essential Elements For 922 loans
5 Essential Elements For 922 loans
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(vi) The plan should deliver for this kind of extra prerequisites for services standards as can be demanded because of the Secretary.
(A) the use by the entity on the assistance, which includes new equipment and potential enhancements that help substantial-speed broadband access for instructional establishments, well being treatment suppliers, and community security service suppliers (such as the believed variety of conclusion users who're at the moment employing or forecasted to use the new or upgraded infrastructure); and
§6104, amended area frequently. Just before Modification, text read through as follows: "As utilised On this chapter the term 'rural place', apart from as provided in section 924(b) of the title, shall be deemed to indicate any place of America not incorporated within the boundaries of any city region, as outlined via the Bureau of your Census, and these types of phrase shall be deemed to incorporate each the farm and nonfarm inhabitants thereof; the term 'farm' shall be considered to imply a farm as defined within the publications of the Bureau in the Census; the term 'individual' shall be considered to signify any all-natural person, firm, corporation, or association; the phrase 'Territory' shall be considered to incorporate any insular possession of The usa; along with the expression 'Secretary' shall be considered to indicate the Secretary of Agriculture."
The Secretary of Agriculture is approved to invest in such fiscal and credit rating stories as might be needed to perform the Secretary's approved get the job done: Offered, That purchases underneath this authority shall not be manufactured Except if provision is produced therefor from the relevant appropriation and the expense thereof is just not in extra of limitations prescribed therein.
(B) the request on the borrower for that refinancing less than this portion may not be denied or delayed; and
(A) the duplication of any existing qualified broadband services furnished by One more entity inside website the eligible company place; or
struck out "as well as the Governor of the telephone lender" soon after "The Secretary" in introductory provisions.
amended segment normally, inserting section catchline and substituting recent provisions for provisions referring to resources of Secretary, which includes provisions for loans by Secretary of your Treasury, authorization of appropriations, allotment of funds for loans in States, loans of unallotted funds, and unexpended funds and limitation on use.
The time period "incumbent provider supplier", with respect to an application submitted below this segment, signifies an entity that, as with the date of submission of the appliance, is offering broadband provider to not lower than 5 percent of your homes from the assistance territory proposed in the appliance.
Extensions below this segment shall not be produced unless the Secretary first finds and certifies that, after supplying influence on the extension, in his judgment the security for all loans to the borrower built or certain below this chapter is reasonably suitable and that each one this sort of loans will likely be repaid within the time agreed.
Other than as delivered in subparagraph (D), the Secretary might not generate a financial loan less than this paragraph to an applicant for the objective of furnishing or improving electric powered support to some shopper located in an city location (as defined because of the Bureau of the Census) if the standard variety of customers for each mile of line of the total electrical system with the applicant exceeds 17.
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Clause (i) shall not apply In case the applicant is eligible for funding below A different subchapter of the chapter.
All hard cash stability amounts (received from cushion of credit score payments, personal loan payments, and various sources) held by the Fund shall bear fascination towards the Fund in a charge equivalent for the weighted average amount on exceptional certificates of beneficial ownership issued via the Fund.