A Simple Key For 922 loans Unveiled
A Simple Key For 922 loans Unveiled
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(ii) The average household revenue for every kilowatt-hour offered by the applicant is not fewer than a hundred and twenty p.c of the typical household income for every kilowatt-hour sold by all utilities within the Point out through which the applicant delivers company.
The Secretary shall consult Using the Commission before supplying broadband support for a job to serve a place with respect to which Yet another entity is getting Link America Fund or Mobility Fund assistance under the Federal universal service assistance mechanisms set up beneath part 254 of title 47.
Entities that get help to construct, enhance, or obtain Center mile infrastructure beneath this part shall be suitable to use For added resources under this subchapter to supply for retail broadband provider to finish people.
(three) may perhaps give the very best funding precedence to selected assignments in significantly underserved have confidence in areas; and
inserted provisions prohibiting Administrator from providing help to phone borrower Unless of course borrower particularly applies therefor.
(four) The Secretary shall undertake all realistic efforts to permit the total number of deferments authorized by this subsection throughout Each and every fiscal 12 months.
(i) the quantity of quarterly payment dates among the day of the refinancing or prepayment and the maturity day for the bank loan advance; bears to
(i) a borrower that has prepaid a mortgage, both ahead of or immediately after Oct 21, 1992, at a discount price as provided by paragraph (3), shall not be qualified, other than for the discretion of your Secretary, to submit an application for or receive direct or insured loans under this chapter throughout the 120-month interval starting about the date on the prepayment; and
The Secretary of Agriculture (referred to Within this chapter since the "Secretary") is authorized and empowered for making loans, or refinance loans manufactured or certain because of the Secretary beneath this chapter, in the a number of States and Territories of The usa for rural electrification and for the purpose of furnishing and bettering electric and phone service in rural regions, as provided With this chapter, and for the purpose of assisting electrical borrowers to put into action demand aspect management, Electrical power efficiency and conservation systems, and on-grid and off-grid renewable Power units.
§6502, inserted portion catchline and substituted "associations." for "associations: And provided even further, That for any duration of a single 12 months from and immediately after October 28, 1949, apps for loans been given through the Secretary from people who on October 28, 1949, are engaged during the operation of current phone company in rural locations shall be viewed as and acted on prior to action click here is taken on any software obtained from some other individual for virtually any loan to finance the furnishing or advancement of telephone company to substantially precisely the same subscribers.
Besides other authority beneath relevant legislation, the Secretary shall establish published processes for all broadband programs to make sure that, to the utmost extent practicable, the applications are administered to—
A borrower of the personal loan created by the Federal Financing Lender and certain beneath segment 936 of the title may possibly, at the option of the borrower, refinance or prepay the personal loan or an advance around the bank loan, or any portion of the personal loan or advance.
An suitable entity that receives a grant beneath the Program shall provide a hard cash contribution within an sum that is not below fifteen percent of the amount of the grant.
The Secretary may not request any applicant for an electric financial loan under this chapter to make an application for and acknowledge a mortgage in an amount of money exceeding 30 per cent of the credit rating needs in the applicant.