922 loans - An Overview

(D) the estimated amount and proportion of provider factors during the proposed service territory with out preset broadband provider, whether or not terrestrial or wi-fi;

(1) present tips and advice to electric powered borrowers below this chapter regarding the successful and prudent use by this kind of borrowers of your financial investment authority below portion 940b of this title to advertise rural improvement;

Entities that receive guidance to assemble, boost, or receive Center mile infrastructure beneath this segment shall be qualified to apply For added resources beneath this subchapter to provide for retail broadband assistance to finish users.

The Secretary could produce a financial loan below this portion to an emergency conversation equipment company to develop or enhance 911 accessibility or other communications or technologies described in subsection (a) In case the nearby government which includes jurisdiction over the task is not allowed to acquire the personal debt ensuing with the bank loan.

From these kinds of sums as are once in a while manufactured obtainable from the Congress into the Secretary for these kinds of objective, pursuant to part 903 of this title, the Secretary is approved and empowered to make loans to people now providing or who may well hereafter offer phone service in rural spots, to community bodies now furnishing telephone provider in rural areas and to cooperative, nonprofit, minimal dividend, or mutual associations. Apart from as otherwise furnished by this subchapter, these kinds of loans shall be built beneath the exact terms and conditions as are presented in part 904 of the title, for the goal of financing the advance, expansion, building, acquisition, and operation of telephone lines, facilities, or devices to furnish and improve phone services in rural regions: Delivered, nevertheless, The Secretary, in earning this sort of loans, shall give choice to individuals delivering telephone support in rural places, to community bodies now offering telephone service in rural locations, also to cooperative, nonprofit, constrained dividend, or mutual associations.

We ended up not able to routinely get your approximate place, so we are going to have to have you to offer your postal code to help you us find the closest retail store for you.

(i) The normal revenue for every kilowatt-hour bought from the applicant is not a lot less than one hundred twenty p.c of the common revenue for each kilowatt-hour bought by all utilities inside the Point out through which the applicant provides assistance.

Any guarantee of the mortgage prepaid less than this area shall be completely assignable underneath the provisions of area 936 of the title and transferable. Having said that, the Secretary might involve that any these ensure, if transfered one or assigned, be transferred or assigned to some financial loan or security that, if offered, will probably be grouped with nonguaranteed loans or securities and bought inside a way to make sure that these sale won't unreasonably compete Along with the advertising and marketing of obligations of America.

The Secretary might not need any applicant for just a financial loan produced less than this subsection who's suitable to get a financial loan below paragraph (one) to acquire a bank loan from another supply to be a problem of approving the appliance with the mortgage or advancing any amount of money under the bank loan.

The Secretary shall not take into consideration a portion of a support territory explained in subsection (a) to generally be unserved When the broadband provider company has manufactured or started to construct broadband facilities that meet the bare minimum suitable standard of company established under segment 950bb(e) of this title, in that percentage of the service territory.

Other than as offered in paragraph (2), a direct or insured mortgage created under this chapter shall not be bought or prepaid at a worth that is definitely below the exceptional principal equilibrium about the personal loan.

Clause (ii) shall not use to the mortgage to be built to an applicant for the purpose of furnishing or enhancing electric powered assistance to shoppers situated in an urban space (as outlined from the Bureau of your Census) if the common range of shoppers per mile of line of the overall electric procedure in the applicant exceeds seventeen.

When choosing to make use of the payment help authority under paragraph (two) the Secretary shall take into consideration if the payment aid will—

The Secretary may perhaps obligate, but not disperse, funds less than this chapter prior to the completion of if not necessary environmental, historic, or other 922 loans kinds of assessments If your Secretary decides that a subsequent website-specific critique shall be satisfactory and simply achieved for The situation of towers, poles, or other broadband facilities during the support area from the borrower without compromising the task or the essential reviews.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Comments on “922 loans - An Overview”

Leave a Reply

Gravatar