922 loans No Further a Mystery
922 loans No Further a Mystery
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(D) the believed number and proportion of service factors within the proposed provider territory with no fixed broadband assistance, whether or not terrestrial or wi-fi;
The Secretary shall not deny or reduce any personal loan or loan advance below this chapter depending on a borrower's amount of typical cash.
Along with hardship loans that are made less than subparagraph (A), the Secretary might make an insured electric loan at an interest level of five % per year to an applicant to get a loan if, in the only real discretion of your Secretary, the applicant has professional a critical hardship.
An application submitted by an eligible entity beneath paragraph (1) shall include things like documentation sufficient to demonstrate The supply of funds to fulfill the necessity of subsection (e).
If, not afterwards than one 12 months immediately after closing polices are promulgated to execute this paragraph, any Condition, both by statute or with the public utility Fee with the Condition, develops a telecommunications modernization program that meets the necessities of subparagraph (B), the Secretary shall approve the approach for that Condition.
Subparagraph (A)(i) shall not implement for the proposed service territory of a venture if a personal loan or financial loan ensure continues to be built beneath this section to your applicant to provide broadband provider within the proposed assistance territory.
§922. Loans for phone provider Section Textual content From this sort of sums as are on occasion produced available because of the Congress for the Secretary for such intent, pursuant to segment 903 of the title, the Secretary is authorized and empowered to create loans to folks now supplying or who might hereafter give telephone service in rural places, to public bodies now offering phone service in rural regions also to cooperative, nonprofit, constrained dividend, or mutual associations.
(ii) involves only Individuals places during which the applicant has the capacity to meet the company prerequisites underneath this area, as determined by the Secretary.
inserted "and for that furnishing and enhancing of electrical provider to folks in rural areas, which includes by assisting electrical borrowers to carry out demand side management, Vitality conservation packages, and on-grid and off-grid renewable Electricity units" following "central station support".
The notes on the Secretary towards the Secretary with the Treasury to get money for loans less than sections 904, 905,1 and 922 of the title, and all other liabilities versus the appropriations or assets inside the fund in reference to electrification and phone personal loan functions shall be liabilities of the fund, and all other obligations towards these kinds of appropriations or belongings during the fund arising outside of electrification and phone loan functions shall be obligations of your fund.
(i) The typical quantity of subscribers per mile of line in the company space with the applicant will not be in excess of 15, or the applicant is able of producing Web profits or margins in advance of curiosity of not lower than one hundred pc (but not greater than five hundred %) of the fascination needs on all of the superb and proposed loans of the applicant.
The borrower shall certify in crafting whether or 922 loans not the funding might be tax exempt and shall comply with these kinds of other stipulations because the Secretary could establish which are reasonable and important to execute this subsection.
Apart from as offered in subparagraph (D), the level of any grant made beneath this portion shall not exceed—
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