The 5-Second Trick For 922 loans
The 5-Second Trick For 922 loans
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For the goal of administering this chapter and for the objective of making the experiments, investigations, publications, and studies herein offered for, there is authorized to get appropriated, out of any cash during the Treasury not otherwise appropriated, these kinds of sums as shall be vital.
The Secretary shall not deny or decrease any personal loan or financial loan advance under this chapter based on a borrower's volume of normal funds.
(4) any outreach activities completed from the Secretary to persuade entities in rural locations without broadband assistance to post apps under this chapter;
An application submitted by an eligible entity less than paragraph (one) shall incorporate documentation adequate to exhibit The provision of resources to satisfy the prerequisite of subsection (e).
The time period "significantly underserved trust location" signifies a Group in "trust land" (as described in section 3765 of title 38) with regard to which the Secretary decides incorporates a significant have to have for the key benefits of an qualified system.
(V) that deliver speedy and expanded deployment of fastened and cellular broadband on cropland and ranchland in a support territory for use in a variety of purposes of precision agriculture; and
(I) connecting, aiding with connecting, or enabling the connection of retail broadband systems that serve rural spots inside the proposed service territory to the center mile infrastructure undertaking in An inexpensive and economically aggressive way;
A distribution borrower not in default about the repayment of loans designed or insured less than this chapter shall be suitable for check here discounted prepayment as delivered On this subsection. For the objective of analyzing eligibility for discounted prepayment under this subsection or eligibility for help beneath this chapter, a default by a borrower from which a distribution borrower buys wholesale electrical power shall not be regarded as a default by the distribution borrower.
The Secretary of Agriculture (referred to In this particular chapter since the "Secretary") is authorized and empowered to create loans, or refinance loans made or confirmed because of the Secretary beneath this chapter, inside the many States and Territories of The usa for rural electrification and for the purpose of furnishing and increasing electric and phone services in rural areas, as furnished On this chapter, and for the purpose of helping electrical borrowers to carry out demand side administration, Vitality performance and conservation packages, and on-grid and off-grid renewable Power devices.
Strength era, transmission, and distribution facilities efficiency grants and loans in rural communities with incredibly large Vitality prices.
Except as delivered in subparagraph (D), the Secretary may well not generate a mortgage under this paragraph to an applicant for the goal of furnishing or strengthening electric company into a customer situated in an urban place (as defined via the Bureau with the Census) if the typical range of buyers per mile of line of the full electric powered system on the applicant exceeds 17.
Subject to clause (ii), the interest level explained With this subparagraph over a mortgage to a qualifying applicant shall be—
(ii) broadband services just isn't offered in any part of the proposed company territory by three or even more incumbent company vendors.
(5) provide info to electric powered and phone borrowers underneath this chapter in regards to the eligibility of these kinds of borrowers to make an application for fiscal guidance, loans, or grants from other Federal businesses and non-Federal sources to enable these types of borrowers to extend their rural enhancement initiatives; and