The Fee shall consult Using the Secretary right before featuring or delivering Hook up The usa Fund or Mobility Fund assist underneath the Federal universal services assistance mechanisms proven beneath segment 254 of title 47 to serve an area with respect to which Yet another entity has acquired broadband support beneath a bank loan or grant system on the Department of Agriculture.
(b) A receiver who sets aside money less than subsection (a) of the portion may well use the resources only in a region that isn't staying offered Along with the minimum amount acceptable amount of broadband provider founded beneath segment 950bb(e) of this title, unless the receiver satisfies the requirements of part 950bb(d) of the title.
(B) the current value of the personal loan discounted from the facial area price at maturity at the rate established with the Secretary.
(i) be completed in the proposed provider territory through which not a lot less than ninety % from the homes are unserved; and
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In the situation of mortgage assures issued or modified beneath this portion, the Secretary shall cost and accumulate with the lender costs in these kinds of quantities concerning bring down The prices of subsidies for guaranteed loans, besides that this kind of service fees shall not act as a bar to participation from the plans nor be inconsistent with current techniques within the Market.
(B) any necessary facilities necessary to offer that suitable broadband company to each household and business customer in just these types of proposed qualified provider location; and
§ 922. — Loans for rural telephone service. [Laws in outcome as of January 24, 2002] [Doc not impacted by General public Legislation enacted amongst January 24, 2002 and December 19, 2002] [CITE: 7USC922] TITLE 7--AGRICULTURE CHAPTER 31--RURAL ELECTRIFICATION AND Phone Provider SUBCHAPTER II--RURAL TELEPHONE Company Sec. 922. Loans for rural telephone service From these types of sums as are occasionally designed readily available with the Congress for the Secretary for such reason, pursuant to segment 903 of the title, the Secretary is authorized and empowered to generate loans to people now offering or who may hereafter present telephone provider in rural areas, to community bodies now furnishing telephone provider in rural areas and to cooperative, nonprofit, minimal dividend, or mutual associations. Except as in any other case furnished by this subchapter, this kind of loans shall be manufactured underneath the same stipulations as are furnished in portion 904 of this title, for the purpose of financing the improvement, growth, development, acquisition, get more info and Procedure of telephone traces, services, or units to furnish and improve telephone support in rural parts: Provided, even so, Which the Secretary, in earning this sort of loans, shall give choice to individuals delivering phone assistance in rural parts, to general public bodies now furnishing phone assistance in rural parts, and also to cooperative, nonprofit, constrained, dividend, or mutual associations: And presented even further, That for your period of one particular yr from and right after October 28, 1949, applications for loans received via the Secretary from people who on October 28, 1949, are engaged within the operation of current telephone service in rural spots shall be viewed as and acted upon just before motion is taken upon any software gained from every other person for virtually any financial loan to finance the furnishing or improvement of phone support to substantially the same subscribers. The Secretary in building these loans shall, insofar as you can, acquire assurance that the phone services being furnished or improved therefore will be manufactured accessible to the widest useful range of rural consumers. When it is decided from the Secretary to get necessary so as to furnish or improve telephone provider in rural places, this kind of loans could possibly be produced for the advance, expansion, building, acquisition, and operation of phone strains, amenities, or methods devoid of regard for their geographical place.
§911. Acceptance of services of Federal or Condition officers; application of civil services legal guidelines; expenses for supplies and machines
The Secretary may well not cost any rate or cost not expressly delivered In this particular chapter in reference to any bank loan made or assured less than this chapter.
, Which the Secretary, in producing this kind of loans, shall give desire to persons furnishing telephone service in rural parts, to public bodies now giving telephone assistance in rural locations, also to cooperative, nonprofit, restricted dividend, or mutual associations. The Secretary in building this sort of loans shall, insofar as feasible, acquire assurance that the telephone provider to become furnished or improved thus will probably be designed accessible to the widest useful amount of rural customers. When it is set via the Secretary to become needed in order to furnish or boost phone assistance in rural areas, this sort of loans can be built for the improvement, expansion, construction, acquisition, and operation of telephone lines, facilities, or techniques with no regard for their geographical site.
In the situation of a loan Highly developed underneath an agreement that allows the refinancing or prepayment in the loan progress according to the payment of one yr of desire within the exceptional principal balance on the mortgage progress, a borrower could, in lieu of your penalty essential by paragraph (one)(A), shell out a penalty as provided by—
§918a. Strength generation, transmission, and distribution amenities effectiveness grants and loans in rural communities with really large Power prices