922 loans No Further a Mystery

To facilitate timely motion on purposes by borrowers for monetary assistance beneath this chapter and for approvals required of the Rural Electrification Administration pursuant on the terms of excellent bank loan or stability instruments or in any other case, the Secretary may well use consultants funded via the borrower, compensated for away from the final funds on the borrower, for money, authorized, engineering, as well as other technical tips and expert services in connection with the critique of the applying by The agricultural Electrification Administration.

(ii) submit into the Secretary an software at these kinds of time, in these kinds of way, and containing this sort of data since the Secretary might have to have; and

" in second sentence and "Which no duplication" for ", nor shall these kinds of bank loan be manufactured in any Point out which now has or might hereafter Have got a Point out regulatory body having authority to control telephone service and also to demand certificates of comfort and requirement towards the applicant Except such certification from these agency is initially obtained. In a very State where there is no these kinds of company or regulatory entire body lawfully licensed to concern these types of certificates on the applicant, no loan shall be manufactured under this segment Until the Secretary shall figure out (and set forth his explanations therefor in creating) that no duplication" in previous sentence.

§936. Assured loans; accommodations and subordination of liens; desire premiums; assignability of guaranteed loans and associated assures

(iii) the average cost of essentially the most subscribed tier of broadband services in a proposed company place;

(i) make grants of as many as seventy five p.c of the event prices of the venture for which the grant is supplied to an eligible entity In the event the Secretary decides that the project serves—

§922. Loans for phone provider Segment Textual content From these kinds of sums as are on occasion produced available because of the Congress for the Secretary for such reason, pursuant to segment 903 of the title, the Secretary is licensed and empowered to generate loans to folks now delivering or who might hereafter present phone support in rural spots, to community bodies now giving phone support in rural spots and to cooperative, nonprofit, constrained dividend, or mutual associations.

If a borrower satisfies the penalty requirements of paragraph (one) by increasing the excellent principal balance of the loan progress that may be remaining refinanced, the borrower shall generate a payment at enough time on the refinancing equal to two.

Authorized money transactions; interim notes; buy of obligations for resale; sale of notes and certificates; liens.

§911. Acceptance of products and services of Federal or State officers; application of civil provider guidelines; expenses for materials and gear

Besides other authority below applicable law, the Secretary shall set up penned strategies for all broadband plans in order that, to the most extent practicable, the packages are administered to—

The goal of this section is to supply grants, give loans, and supply personal loan assures to provide funds for the costs of the construction, improvement, and acquisition of facilities and tools for broadband provider in rural parts.

In the case of a loan Highly developed beneath an agreement that permits the refinancing or prepayment of the financial loan advance check here based upon the payment of 1 yr of desire within the outstanding principal stability of your bank loan progress, a borrower may perhaps, in lieu from the penalty necessary by paragraph (one)(A), spend a penalty as furnished by—

Selected rural growth investments by competent telephone borrowers not dealt with as dividends or distributions.