A Simple Key For 922 loans Unveiled
A Simple Key For 922 loans Unveiled
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"(two) simply cannot, in accordance with frequently recognized administration and accounting ideas and with out charging rates to its prospects or subscribers so significant as to generate a substantial disparity among this sort of premiums plus the rates charged for related support in a similar or close by areas by other suppliers, present support consistent with the objectives of the chapter."
The Secretary shall check with Using the Commission before offering broadband aid to get a challenge to provide a place with respect to which another entity is receiving Connect The usa Fund or Mobility Fund guidance beneath the Federal universal company assist mechanisms set up beneath segment 254 of title 47.
Entities that receive help to build, enhance, or obtain Center mile infrastructure beneath this section shall be qualified to use For added resources less than this subchapter to offer for retail broadband support to end buyers.
(i) be performed in a very proposed support territory through which not below 90 percent of your households are unserved; and
(A) Harmonize broadband notification and reporting requirements and establish widespread verification processes across all federally supported broadband programs.
(4) The Secretary shall undertake all sensible attempts to permit the full level of deferments licensed by this subsection in the course of Every single fiscal 12 months.
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(three) Detect and quantify The provision of broadband services and ongoing broadband deployment in rural areas, including ways to do the next:
§ 922. — Loans for rural phone service. [Laws in impact as of January 24, 2002] [Document not impacted by General public Regulations enacted among January 24, 2002 and December 19, 2002] [CITE: 7USC922] TITLE 7--AGRICULTURE CHAPTER 31--RURAL ELECTRIFICATION AND TELEPHONE Assistance SUBCHAPTER II--RURAL Phone Support Sec. 922. Loans for rural telephone provider From this kind of sums as are every now and then designed readily available via the Congress into the Secretary for this sort of reason, pursuant to portion 903 of this title, the Secretary is licensed and empowered to help make loans to individuals now delivering or who may hereafter provide telephone support in rural regions, to public bodies now supplying phone service in rural areas and also to cooperative, nonprofit, restricted dividend, or mutual associations. Apart from as if not provided by this subchapter, such loans shall be designed beneath the exact conditions and terms as are presented in portion 904 of the title, for the purpose of funding the advance, growth, building, acquisition, and Procedure of phone strains, amenities, or methods to furnish and increase phone service in rural places: Furnished, however, That the Secretary, in creating this sort of loans, shall give choice to individuals offering telephone provider in rural regions, to community bodies now delivering telephone services in rural locations, also to cooperative, nonprofit, confined, dividend, or mutual associations: And delivered further more, That for your period of a single year from and after Oct 28, 1949, programs for loans obtained by the Secretary from folks who on October 28, 1949, are engaged in the Procedure of existing phone support in rural areas shall be viewed as and acted upon prior to motion is taken upon any software obtained from any other man or woman for just about any mortgage to finance the furnishing or enhancement of phone support to considerably precisely the same subscribers. The Secretary in making such loans shall, insofar as feasible, receive assurance that the phone provider to get furnished or enhanced thereby might be produced accessible to the widest functional number of rural end users. When it is decided with the Secretary for being important to be able to furnish or strengthen phone assistance in rural locations, these loans may be created for the advance, expansion, building, acquisition, and operation of telephone lines, facilities, or units without having regard for their geographical locale.
The Secretary may perhaps need any added reporting and data by any receiver of any broadband guidance beneath this chapter In order to be certain compliance using this type of portion.
Not a lot less than three but not greater than 5 per cent of plan stage quantities obtainable pursuant to quantities appropriated to carry out subchapter VI shall be set aside to be used for—
A borrower of the mortgage made by the Federal Funding Financial institution and guaranteed below portion 936 of this title may well, at the choice from the borrower, refinance or prepay the financial loan or an progress to the bank loan, or any part of the mortgage or advance.
The Secretary may well make or guarantee loans under this subchapter and subchapter I for cybersecurity and read more grid safety improvements.
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