922 loans - An Overview
922 loans - An Overview
Blog Article
relating to prepayment of loans were being set out like a Observe under part 936 of this title and have been repealed by
The Secretary shall consult Along with the Fee prior to giving broadband support for your job to serve a region with regard to which One more entity is obtaining Link The united states Fund or Mobility Fund assistance underneath the Federal universal services support mechanisms founded underneath area 254 of title 47.
Entities that receive aid to construct, enhance, or get Center mile infrastructure underneath this portion shall be eligible to apply for additional funds below this subchapter to offer for retail broadband support to end consumers.
Cash acquired from a borrower to pay for the charge described In this particular area shall not be derived from a personal loan or other financial debt obligation which is produced or confirmed through the Federal Government.
(iii) the typical cost of probably the most subscribed tier of broadband provider within a proposed provider spot;
inserted provisions associated with loans made by Federal Funding Bank with regard to ensures issued under this part, and substituted "an insured financial loan" for "a bank loan insured on the normal amount".
(aa) the fascination fee on commercial loans for a similar time period that find the money for the borrower such a suitable; exceeds
(two) tips for virtually any regulatory or legislative changes that might be proper to enhance companies to significantly underserved believe in regions.
§ 922. — Loans for rural phone support. [Legislation in influence as of January 24, 2002] [Document not impacted by Public Laws enacted concerning January 24, 2002 and December 19, 2002] [CITE: 7USC922] TITLE seven--AGRICULTURE CHAPTER 31--RURAL ELECTRIFICATION AND TELEPHONE Assistance SUBCHAPTER II--RURAL TELEPHONE SERVICE Sec. 922. Loans for rural phone company From this kind of sums as are every so often made out there via the Congress to your Secretary for these kinds of reason, pursuant to area 903 of this title, the Secretary is licensed and empowered for making loans to persons now furnishing or who could hereafter present telephone provider in rural regions, to community bodies now furnishing phone services in rural parts also to cooperative, nonprofit, constrained dividend, or mutual associations. Apart from as normally furnished by this subchapter, this kind of loans shall be built under the similar conditions and terms as are offered in section 904 of this title, for the purpose of financing the development, enlargement, construction, acquisition, and operation of telephone lines, amenities, or units to furnish and strengthen phone company in rural places: Furnished, nevertheless, That the Secretary, in building this kind of loans, shall give preference to individuals offering telephone company in rural spots, to general public bodies now providing telephone company in rural areas, also to cooperative, nonprofit, confined, dividend, or mutual associations: And delivered even more, That for your period of 1 year from and following Oct 28, 1949, purposes for loans gained with the Secretary from people who on October 28, 1949, are engaged inside the operation of present phone service in rural parts shall be viewed as and acted upon right before motion is taken upon any application obtained from every other man or woman for just about any mortgage to finance the furnishing or improvement of phone provider to substantially exactly the same subscribers. The Secretary in creating this sort of loans shall, insofar as feasible, attain assurance that the telephone services for being furnished or enhanced thereby will likely be made available to the widest sensible number of rural people. When it is determined because of the Secretary for being essential so that you can furnish or boost phone assistance in rural areas, these loans could be designed for the development, enlargement, construction, acquisition, and operation of telephone lines, facilities, or programs devoid of regard for their geographical location.
The notes from the Secretary on the Secretary of your Treasury to acquire money for loans underneath sections 904, 905,one and 922 of the title, and all other liabilities versus the appropriations or property while in the fund in reference to electrification and phone personal loan functions shall be liabilities in the fund, and all other obligations from such appropriations or assets in the fund arising outside of electrification and phone mortgage operations shall be obligations from the fund.
Except as provided in subparagraph (D), the Secretary may well not make a bank loan below this paragraph to an applicant for the goal of furnishing or enhancing electric assistance into a buyer located in an urban place (as outlined by the Bureau of your Census) if the normal variety of customers for each mile of line of the total electrical system of the applicant exceeds seventeen.
(1) figuring out Every single accomplished software for a phone personal loan less than part 935 of this title or perhaps a promise of the phone mortgage underneath part 936 of this title that has not been lastly acted on in just ninety times following the day the finished application is submitted; and
(1) in assessing the feasibility of the telephone financial loan to become manufactured into a borrower for phone products and services, use—
§6201(eight), included subsec. (i) and struck out former subsec. (i). Just before Modification, textual content read as follows: "Notwithstanding every other provision of the chapter, the proceeds of any bank loan built or certain by the Secretary beneath this chapter can be employed by the receiver of your loan for the purpose of refinancing an outstanding obligation in the receiver on another telecommunications mortgage read more created beneath this chapter if the usage of the proceeds for that function will assist the development, enhancement, or acquisition of facilities and gear for your provision of broadband services in rural locations."