New Step by Step Map For 922 loans
New Step by Step Map For 922 loans
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(ii) The normal household earnings for each kilowatt-hour offered with the applicant isn't below one hundred twenty per cent of the common residential income for each kilowatt-hour marketed by all utilities during the Point out wherein the applicant presents services.
The amount of an allocation built to a Point out for just a fiscal year below subparagraph (A) shall bear the exact same ratio to the amount of allocations designed for all States for the fiscal year as—
(four) any outreach functions carried out through the Secretary to really encourage entities in rural spots without broadband provider to post programs underneath this chapter;
(three) deny a financial loan or advance to, or just take almost every other adverse action in opposition to, an applicant for, or even a borrower of, a phone financial loan below this chapter for any reason that isn't depending on a rule, regulation, bulletin, or other created plan common that has not been released pursuant to section 553 of title five.
(II) which are encountering outmigration and possess adopted a strategic Neighborhood expense plan beneath section 2008v(d) of this title that includes considerations for improving upon and expanding broadband service;
§2(a), amended subsec. (a) frequently. Just before amendment, subsec. (a) read through as follows: "A immediate or insured loan designed below this chapter shall not be offered or pay as you go at a worth under the facial area value of any fantastic principal harmony on such loan, apart from when sold to or prepaid through the borrower within the lesser on the superb principal balance thanks within the loan or the bank loan's current price discounted within the encounter worth at maturity at the speed set via the Administrator.
The Secretary is licensed, from sums appropriated pursuant to portion 906 of the title, to create this sort of expenses (together with expenses for private services; supplies and gear; lawbooks and books of reference; directories and periodicals; travel costs; rental on the seat of presidency and in other places; the acquisition, Procedure, or servicing of passenger-carrying cars; and printing and binding) as are ideal and important to execute the provisions of this chapter.
Except as offered in subsection (b), the Secretary shall take into account any part of a provider territory that is definitely subject matter to An excellent grant arrangement involving the Secretary as well as a broadband supplier to become unserved for your purposes of all broadband assistance courses less than this chapter, Should the broadband support in that portion of a company territory is a lot less than 10 Mbps downstream transmission capacity or fewer than 1 Mbps upstream transmission capacity.
(ii) allocate quantities within the reserve to every State for each fiscal calendar year for loans and bank loan assures to qualified entities during the Condition.
The notes of the Secretary to your Secretary from the Treasury to obtain money for loans under sections 904, 905,one and 922 of this title, read more and all other liabilities versus the appropriations or assets in the fund in reference to electrification and telephone mortgage operations shall be liabilities of your fund, and all other obligations versus these appropriations or belongings from the fund arising outside of electrification and telephone loan functions shall be obligations of the fund.
substituted "of which the holder experienced actual information at enough time it grew to become a holder" for "of which the holder has genuine awareness".
A lender that receives a ensure issued beneath this part over a bond or Take note shall pay back a fee towards the Secretary.
(ii) broadband support is just not supplied in almost any Element of the proposed company territory by 3 or more incumbent service vendors.
(7) the general progress in direction of satisfying the purpose of enhancing the caliber of rural lifestyle by increasing rural broadband obtain, as shown by metrics, including—