922 loans for Dummies
922 loans for Dummies
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"(two) cannot, in accordance with usually accepted administration and accounting ideas and without the need of charging prices to its clients or subscribers so superior as to make a considerable disparity in between these kinds of charges as well as the fees billed for similar assistance in precisely the same or close by areas by other suppliers, provide services consistent with the goals of the chapter."
(ii) post towards the Secretary an software at this sort of time, in this sort of manner, and made up of this kind of info given that the Secretary may call for; and
In awarding help under this part, the Secretary shall give precedence to proposals for initiatives that—
(i) be completed in a proposed assistance territory where not less than 90 % of the households are unserved; and
Notwithstanding subsection (a), a direct or insured bank loan could be pay as you go by an electric borrower within the lesser with the excellent principal harmony due thereon or maybe the current worth thereof discounted in the face worth at maturity at the rate established with the Secretary When the borrower can be an electrical Firm which resulted from the merger or consolidation between a borrower and a company which, ahead of October one, 1987, pay as you go its direct or insured loans pursuant to this segment. Prepayments by a borrower hereunder shall be built not later than one particular calendar year after the successful day of your merger, consolidation, or other transaction.
(A) the duplication of any present qualified broadband service furnished by Yet another entity within the suitable services space; or
In an effort to execute the provisions of this chapter the Secretary may possibly settle for and use such voluntary and uncompensated expert services of Federal, State, and local officers and staff as are available, and he could appoint and deal with the payment of Lawyers, engineers, and specialists and he may possibly, issue to the civil-support rules, appoint these types of other officers and workforce as he may possibly come across vital and prescribe their responsibilities.
approved assignment of guaranteed loans and their related ensures and inserted "originally" prior to "designed, held, and serviced" in provision defining guaranteed loans as that expression is utilized During this subchapter.
§ 922. — Loans for rural telephone company. [Guidelines in influence as of January 24, 2002] [Document not affected by Community Legal guidelines enacted between January 24, 2002 and December 19, 2002] [CITE: 7USC922] TITLE seven--AGRICULTURE CHAPTER 31--RURAL ELECTRIFICATION AND TELEPHONE Company SUBCHAPTER II--RURAL TELEPHONE SERVICE Sec. 922. Loans for rural phone support From such sums as are from time to time designed obtainable by the Congress to your Secretary for this sort of intent, pursuant to area 903 of the title, the Secretary is authorized and empowered to help make loans to individuals now providing or who may well hereafter offer phone service in rural parts, to public bodies now supplying phone services in rural parts and also to cooperative, nonprofit, limited dividend, or mutual associations. Besides as otherwise supplied by this subchapter, this sort of loans shall be manufactured underneath the very same conditions and terms as are offered in part 904 of the title, for the goal of funding the improvement, expansion, building, acquisition, and operation of telephone lines, amenities, or devices to furnish and enhance telephone services in rural locations: Furnished, however, That the Secretary, in creating this sort of loans, shall give preference to individuals offering telephone services in rural places, to community bodies now delivering telephone services in rural locations, and to cooperative, nonprofit, limited, dividend, or mutual associations: And provided further, That to get a duration of a person 12 months from and immediately after October 28, 1949, applications for loans been given via the Secretary from people who on October 28, 1949, are engaged in the Procedure of current phone assistance in rural regions shall be deemed and acted on in advance of action is taken on any application received from almost every other particular person for virtually any financial loan to finance the furnishing or improvement of telephone support to considerably the exact same subscribers. The Secretary in producing these types of loans shall, insofar as feasible, attain assurance that the phone service to become furnished or enhanced thus might be designed available to the widest realistic quantity of rural here buyers. When it is determined because of the Secretary to become important as a way to furnish or strengthen phone services in rural parts, such loans could possibly be built for the improvement, expansion, building, acquisition, and operation of phone traces, services, or units with out regard to their geographical area.
(two) payment of principal when owing (devoid of desire) on superb loans to the Secretary in the Secretary of the Treasury for electrification and phone uses and payment of principal and fascination when owing on loans on the Secretary through the Secretary on the Treasury pursuant to area 934(a) of this title;
Not a lot less than 3 but not much more than 5 per cent of application degree quantities available pursuant to amounts appropriated to perform subchapter VI shall be put aside to be used for—
"(A) take into account whether the receiver is or will be serving a region that is definitely unserved or has support levels underneath the minimal appropriate degree of broadband company proven less than subsection (e); and
The purpose of this portion should be to persuade the growth and extension of middle mile broadband infrastructure to attach underserved rural regions for the spine of the online market place.
§918a. Power technology, transmission, and distribution services efficiency grants and loans in rural communities with extremely superior Strength fees