A Review Of 922 loans
A Review Of 922 loans
Blog Article
(D) the approximated range and proportion of company factors within the proposed service territory devoid of mounted broadband company, whether or not terrestrial or wireless;
(two) could waive nonduplication limitations, matching fund needs, or credit score guidance prerequisites from any mortgage or grant software administered by the Rural Utilities Provider to aid the construction, acquisition, or enhancement of infrastructure;
In awarding assistance below this area, the Secretary shall give priority to proposals for assignments that—
inserted ", to community bodies now providing telephone provider in rural areas" immediately after "parts" in initially sentence and soon after "areas" in 1st proviso of second sentence.
From these types of sums as are once in a while built obtainable from the Congress to the Secretary for these function, pursuant to portion 903 of this title, the Secretary is authorized and empowered to produce loans to people now giving or who may hereafter deliver telephone assistance in rural places, to general public bodies now giving phone assistance in rural parts and to cooperative, nonprofit, constrained dividend, or mutual associations. Apart from as in any other case furnished by this subchapter, this kind of loans shall be designed underneath the same terms and conditions as are presented in portion 904 of this title, for the purpose of financing the development, growth, development, acquisition, and Procedure of telephone traces, services, or devices to furnish and enhance telephone support in rural regions: Furnished, however, The Secretary, in producing these loans, shall give desire to people furnishing phone service in rural places, to general public bodies now providing phone service in rural areas, also to cooperative, nonprofit, confined dividend, or mutual associations.
S.C. 901 et seq.] to finance the acquisition of present technology, transmission and distribution units and amenities serving superior cost, predominantly rural locations by entities capable of and dedicated to providing or improving service in this kind of areas within an successful and inexpensive method.
In the situation in the refinancing of a personal loan of the borrower pursuant to this segment as well as the inclusion of the penalty inside the remarkable principal stability from the refinanced loan pursuant to subsection (b)(three)—
(2) recommendations for virtually any regulatory or legislative changes that might be appropriate to boost providers to substantially underserved belief regions.
§ 922. — Loans for rural telephone company. [Guidelines in outcome as of January 24, 2002] [Document not influenced by General public Guidelines enacted involving January 24, 2002 and December 19, 2002] [CITE: 7USC922] TITLE 7--AGRICULTURE CHAPTER 31--RURAL ELECTRIFICATION AND Phone Provider SUBCHAPTER II--RURAL TELEPHONE Assistance Sec. 922. Loans for rural telephone company From these sums as are once in a while created accessible via the Congress on the Secretary for this kind of intent, pursuant to area 903 of the title, the Secretary is authorized and empowered to help make loans to individuals now furnishing or who could hereafter deliver telephone assistance in rural locations, to community bodies now delivering telephone support in rural spots and to cooperative, nonprofit, constrained dividend, or mutual associations. Apart from as or else supplied by this subchapter, these loans shall be made under the very same conditions and terms as are provided in segment 904 of this title, for the objective of financing the development, growth, development, acquisition, and Procedure of phone traces, services, or programs to furnish and make improvements to phone company in rural areas: Supplied, even so, The Secretary, in generating these kinds of loans, shall give desire to individuals providing telephone support in rural locations, to general public bodies now providing phone service in rural locations, and to cooperative, nonprofit, limited, dividend, or mutual associations: And provided additional, That to get a duration of a person 12 months from and immediately after Oct 28, 1949, programs for loans received via the Secretary from folks who on October 28, 1949, are engaged within the Procedure of current telephone assistance in rural regions shall be regarded and acted upon right before action is taken on any application received from another man or woman for just about any personal loan to finance the furnishing or enhancement of phone provider to substantially exactly the same subscribers. The Secretary in earning these loans shall, insofar as you possibly can, attain assurance that the telephone assistance for being furnished or enhanced thus will likely be made available to the widest realistic quantity of rural people. When it is determined with the Secretary to generally be required so that you can furnish or enhance telephone assistance in rural areas, this sort of loans can be made for the improvement, enlargement, construction, acquisition, and Procedure of phone strains, more info facilities, or methods with no regard for their geographical locale.
§6502, inserted area catchline and substituted "associations." for "associations: And delivered additional, That for just a period of a person yr from and after October 28, 1949, apps for loans obtained because of the Secretary from persons who on October 28, 1949, are engaged during the operation of current phone service in rural regions shall be considered and acted upon in advance of motion is taken on any application acquired from another human being for virtually any personal loan to finance the furnishing or enhancement of phone company to substantially a similar subscribers.
substituted "of which the holder experienced precise understanding at enough time it grew to become a holder" for "of which the holder has genuine knowledge".
The borrower may well not pick a term pursuant to paragraph (three) that ends after the maturity day set with the financial loan prior to the refinancing from the personal loan underneath this segment.
An eligible entity that gets a grant beneath the Program shall give a dollars contribution in an quantity that's not a lot less than 15 percent of the level of the grant.
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