922 loans - An Overview

(vi) The plan need to present for this kind of additional necessities for company requirements as may very well be demanded by the Secretary.

The Secretary in earning these loans shall, insofar as you can, get assurance that the telephone services to become furnished or enhanced thus is going to be created accessible to the widest realistic number of rural customers. When it is decided with the Secretary to be important so as to furnish or increase telephone services in rural places, such loans might be built for the improvement, expansion, development, acquisition, and Procedure of phone traces, amenities, or devices without the need of regard for their geographical place. The Secretary is further approved and empowered to generate loans for the purpose of refinancing excellent indebtedness of individuals furnishing telephone service in rural places, such as indebtedness of recipients on An additional telecommunications personal loan made underneath this chapter. Loans under this area shall not be built Until the Secretary finds and certifies that in his judgment the security therefor is reasonably satisfactory and such bank loan are going to be repaid throughout the time agreed Which no duplication of lines, amenities, or units, providing fairly adequate companies will outcome therefrom.

(i) permits an individual software for a grant as well as a personal loan below subchapter I, II, or this subchapter that is linked to these types of grant; and

The applicant may well not choose a phrase that ends a lot more than 35 decades just after the start of the main term the applicant selects under clause (i).

So as to insure coordination of electric powered generation and transmission funding under this chapter with the nationwide energy coverage, the Secretary in earning or guaranteeing loans for the construction, operation, or enlargement of making crops or electric transmission lines or devices, shall contemplate these types of common standards per the provisions of the chapter as might be revealed because of the Secretary of Energy.

(V) that offer rapid and expanded deployment of mounted and cellular broadband on cropland and ranchland inside of a services territory for use in a variety of apps of precision agriculture; and

§922. Loans for telephone company Part Text From this sort of sums as are occasionally manufactured obtainable from the Congress into the Secretary for these kinds of goal, pursuant to portion 903 of this title, the Secretary is licensed and empowered to create loans to folks now offering or who may hereafter give phone support in rural spots, to public bodies now giving telephone support in rural spots and to cooperative, nonprofit, constrained dividend, or mutual associations.

A distribution borrower not in default within the repayment of loans designed or insured underneath this chapter shall be suitable for discounted prepayment as presented On this subsection. For the goal of determining eligibility for discounted prepayment less than this subsection or eligibility for aid below this chapter, a default by a borrower from which a distribution borrower purchases wholesale energy shall not be viewed as a default with the distribution borrower.

Approved financial transactions; interim notes; order of obligations for resale; sale of notes and certificates; liens.

(3) payment of amounts to which the holder of notes is entitled on insured loans: Supplied, That payments aside from remaining payments needn't be remitted towards the holder until finally owing or until eventually another agreed once-a-year, semiannual, or quarterly remittance day;

The Secretary may not cost any fee or cost not expressly provided With this chapter in connection with any financial loan produced or certain under this chapter.

The Secretary is approved and empowered to bid for and buy at any foreclosure or other sale, or usually to accumulate, assets pledged or mortgaged to safe any loan designed pursuant to this click here chapter; to pay the acquisition value and any costs and bills incurred in connection therewith with the sums authorized in part 903 of the title; to just accept title to any assets so obtained or obtained within the title of America of The united states; to function or lease this kind of house for such time period as may very well be deemed needed or sensible to guard the financial investment therein, but not to exceed five years after the acquisition thereof; and also to offer such property so acquired or acquired, on such terms and for these kinds of thought given that the Secretary shall figure out for being acceptable.

Any facet of the positioning might be improved, supplemented, deleted or up to date by us with or unexpectedly at our sole discretion.

If the middle mile infrastructure wouldn't offer suitable safety due to prolonged-term leasing arrangements, the Secretary shall involve substitute security in these types of type and material as are appropriate for the Secretary.