About 922 loans
About 922 loans
Blog Article
The Secretary may well not, without the consent from the borrower, involve, to be a problem of processing an application for approval, the borrower agree to spend The prices, fees, and fees of consultants hired to deliver technical or advisory products and services to the Secretary.
The amount of an allocation built to your State for any fiscal calendar year beneath subparagraph (A) shall bear a similar ratio to the quantity of allocations produced for all States for the fiscal year as—
"(b) Statement of Plan.—It is the policy from the Congress that The agricultural Electrification Administration make loans that facilitate the event and enhancement of The agricultural telecommunications infrastructure so that you can make modern-day telecommunications technological know-how and services offered at reasonable rates to the greatest practicable quantity of people in rural spots in The us."
(3) deny a mortgage or advance to, or just take any other adverse motion versus, an applicant for, or a borrower of, a phone loan below this chapter for just about any purpose that's not according to a rule, regulation, bulletin, or other penned coverage regular which includes not been revealed pursuant to area 553 of title five.
(II) which have been suffering from outmigration and possess adopted a strategic community financial investment system below section 2008v(d) of this title that includes things to consider for improving and growing read more broadband services;
The Secretary shall not set up prerequisites for bandwidth or velocity which have the impact of precluding the use of evolving technologies appropriate for rural regions.
(i) the amount of quarterly payment dates between the date of your refinancing or prepayment as well as the maturity day for the bank loan progress; bears to
If a borrower satisfies the penalty specifications of paragraph (1) by expanding the fantastic principal stability from the financial loan progress that may be getting refinanced, the borrower shall generate a payment at enough time in the refinancing equal to two.
(four) work as an details clearinghouse and conduit to deliver details to electric powered and phone borrowers below this chapter relating to useful and productive rural improvement initiatives that these types of borrowers could desire to use of their areas of operation and regarding Condition, regional, or area programs for prolonged-time period rural economic advancement;
(B) reviewing some other supply that is pertinent to support data validation, as based on the Secretary; and
Safety devices taken from the Secretary in reference to any notes from the fund may represent liens running to the United States notwithstanding the fact that this kind of notes could be thereafter held by purchasers thereof.
In identifying the amount of, and means of protection utilized to safe, a financial loan or loan promise beneath this area, the Secretary shall consider lessening the safety in the rural area that does not have broadband provider.
The Secretary as well as applicant may perhaps jointly agree to amend the milestones and aims agreed to below paragraph (3).
The Secretary shall, with respect to the retail broadband application for guidance, that is outside the house a location in which the applicant receives Federal common services aid—