The 922 loans Diaries
The 922 loans Diaries
Blog Article
relating to prepayment of loans were established out to be a note less than portion 936 of this title and were repealed by
The level of an allocation manufactured to the State for any fiscal 12 months underneath subparagraph (A) shall bear exactly the same ratio to the amount of allocations created for all States to the fiscal 12 months as—
(eight) payment of the acquisition selling price and any fees and costs incurred in reference to the acquisition, acquisition, or operation of property pursuant to area 907 of this title.
substituted provisions environment out the liabilities of The agricultural Electrification and Telephone Revolving Fund as well as allowable reasons for which fund property shall be available, for provisions, the monies in The agricultural phone account really should stay on deposit inside the Treasury of America until disbursed.
On request of any applicant that's eligible for the mortgage less than this paragraph for which funds are certainly not obtainable, the applicant shall be considered to get utilized for a bank loan ensure less than section 936 of the title.
(B) any area in a assistance spot of a borrower for which a borrower has An impressive personal loan created below subchapters I by V as of your date of enactment of this paragraph.
struck out "as well as the Governor of the telephone financial institution" after "The Secretary" in introductory provisions.
As well as hardship loans that are created underneath subparagraphs (A) and (B), the Secretary shall make insured electrical loans, into the extent of qualifying purposes to the loans, at an interest amount of 5 % annually to any applicant for a personal loan whose residential earnings exceeds 15.
For the objective of determining the eligibility of the distribution borrower not in default within the repayment of the financial loan created or confirmed underneath this chapter for any personal loan, financial loan assure, or lien accommodation less than this subchapter, a default by a borrower from which the distribution borrower purchases wholesale ability shall not—
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” in 2nd sentence and “and that no duplication” for “, nor shall these personal loan be made in any Condition which now has or may possibly hereafter Use a Condition regulatory overall body acquiring authority to regulate phone service and to require certificates of convenience and requirement towards the applicant Unless of course this sort of certificate from this kind of company is to start with obtained. Inside a State in which there isn't any this kind of company or regulatory system legally licensed to challenge these certificates on the applicant, no mortgage shall be built less than this click here portion Until the Secretary shall decide (and established forth his good reasons therefor in crafting) that no duplication” in very last sentence.
(I) besides on the discretion on the Secretary, to make an application for or acquire direct or insured loans explained in clause (i) in the one hundred eighty-month interval commencing around the day in the prepayment; or
The Secretary could have to have an entity that proposes to possess a subscriber projection of more than 20 % on the broadband company marketplace within a rural place to post into the Secretary a market study.
The Secretary may perhaps obligate, but not disperse, cash under this chapter prior to the completion of otherwise expected environmental, historic, or other types of opinions When the Secretary decides that a subsequent web page-certain evaluate shall be suitable and easily achieved for The placement of towers, poles, or other broadband amenities within the provider space in the borrower devoid of compromising the project or the necessary opinions.