Little Known Facts About 922 loans.
Little Known Facts About 922 loans.
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(D) the estimated selection and proportion of support factors during the proposed provider territory with out set broadband assistance, whether or not terrestrial or wi-fi;
(b) A recipient who sets aside funds underneath subsection (a) of the section could utilize the cash only in a location that isn't getting supplied While using the least acceptable level of broadband support founded under segment 950bb(e) of the title, Except if the receiver satisfies the requirements of part 950bb(d) of the title.
(ii) In the event the applicant is eligible for your personal loan, create a financial loan to your applicant beneath this paragraph within an volume equal to the amount that bears a similar ratio to the overall degree of loans for which the applicant is eligible beneath this paragraph, as the amount made accessible for loans under this paragraph for the fiscal yr bears to the whole sum created accessible for loans beneath this paragraph for that fiscal 12 months.
For needs of determining no matter if to provide help for the project under this part, the Secretary shall use standards that are technologically neutral.
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Any quantities while in the reserve set up for your State for any fiscal year underneath subparagraph (B) that are not obligated by April 1 of your fiscal yr shall be accessible to the Secretary to create loans and financial loan guarantees beneath this portion to eligible entities in any Condition, as based on the Secretary.
§922. Loans for telephone service Portion Text From such sums as are from time to time built offered through the Congress to the Secretary for these goal, pursuant to portion 903 of this title, the Secretary is approved and empowered to make loans to individuals now furnishing or who may possibly hereafter provide telephone assistance in rural areas, to community bodies now giving phone support in rural spots and to cooperative, nonprofit, restricted dividend, or mutual associations.
The Secretary may well not require an entity that proposes to have a subscriber projection of fewer than twenty per cent of the broadband company industry inside of a rural spot to post to your Secretary a sector study.
For get more info the objective of deciding the eligibility of a distribution borrower not in default around the repayment of the bank loan created or guaranteed underneath this chapter for any loan, personal loan promise, or lien accommodation below this subchapter, a default by a borrower from which the distribution borrower buys wholesale electrical power shall not—
On request of any applicant that's suitable for a loan below this paragraph for which funds usually are not offered, the applicant shall be regarded to own utilized for any mortgage under subchapter IV.
The Secretary may well use the resources appropriated for the grant under this subchapter for the associated fee (as defined by portion 661a of title 2) of furnishing help underneath paragraph (two).
All redemptions, purchases, and sales via the Secretary on the Treasury of this sort of notes shall be treated as general public financial debt transactions of America: Delivered, nonetheless, That this kind of interim notes into the Secretary on the Treasury shall not be included in the totals on the spending budget of America Authorities and shall be exempt from any typical limitation imposed by statute on expenditures and Internet lending (budget outlays) of The usa.
(one) in analyzing the feasibility of a telephone personal loan for being built to some borrower for phone services, use—
The Secretary may obligate, although not disperse, funds underneath this chapter before the completion of usually expected environmental, historic, or other kinds of testimonials In the event the Secretary determines that a subsequent web-site-certain evaluate shall be satisfactory and simply attained for the location of towers, poles, or other broadband services from the services spot of your borrower with out compromising the project or even the expected reviews.