922 loans - An Overview
922 loans - An Overview
Blog Article
(B) the Secretary establishes that the proposed middle mile network will probably be effective at supporting retail broadband service Assembly the most broadband buildout necessity proven underneath area 950bb(e)(four) of this title for your inhabitants throughout the proposed service territory.
We reserve the appropriate to hunt all cures at regulation and in equity for violations of those Conditions and terms, such as the correct to dam use of this Site from a particular IP address.
An eligible entity that gets a grant below This system shall use the grant to carry out a challenge that—
An application submitted by an suitable entity under paragraph (1) shall include things like documentation enough to display the availability of resources to satisfy the requirement of subsection (e).
A borrower might not exercise the option less than paragraph (1) in the situation of a loan or personal loan advance, or part thereof, if the whole amount of these kinds of loans for which this sort of alternative could be exercised exceeds 50 p.c on the excellent principal equilibrium in the loans made to these borrower and guaranteed less than segment 936 of the title.
If the Secretary herein furnished for is discovered with the President of America for being responsible of a violation of this area, he shall be faraway from Place of work by the President, and any appointee or variety of officers or employees created by the Secretary who's uncovered responsible of the violation of the chapter shall be taken out from the Secretary.
(1) Subject matter to limitations proven in appropriations Acts, the Secretary shall permit any borrower to defer the payment of principal and interest on any insured or immediate personal loan made under this chapter under circumstances explained In this particular subsection, notwithstanding any limitation contained in subsection (a), apart from that this kind of deferment shall not be permitted according to the determination of the Secretary of the economical hardship with the borrower.
In deciding the conditions and terms of support furnished beneath this subchapter, the Secretary may build a deferral period of not shorter than the buildout period founded to the venture associated with get to guidance the economical feasibility and lengthy-phrase sustainability on the undertaking.
In issuing laws employing this area, the Secretary may well create specifications, guided by the methods of personal lenders, making sure that the safety for almost any mortgage built or confirmed underneath this chapter is fairly satisfactory.
§6211, substituted "furnishing phone support in rural spots, such as indebtedness of recipients on A different telecommunications loan manufactured underneath this chapter." for "furnishing phone service in rural places: Presented, That such refinancing shall be determined by the Secretary to get needed in order to furnish and enhance telephone assistance in rural locations: And offered even more, That these refinancing shall represent not in excess of forty for each centum of any loan produced less than this subchapter."
extra area catchline and text and struck out previous textual content which go through as follows: "There is certainly hereby developed and set up an agency of America being generally known as the 'Rural Electrification Administration', every one of the powers of read more which shall be exercised by an Administrator, who shall be appointed through the President, by and with the advice and consent with the Senate, for the phrase of ten years, and who shall get a salary of $ten,000 annually. This chapter might be cited given that the 'Rural Electrification Act of 1936'."
No mortgage origination solicitation activity or personal loan origination purposes for Houses situated in the Condition of Big apple can be facilitated via this site.
Matter to paragraph (2), for functions of the section, the bare minimum suitable standard of broadband services for just a rural area shall be at the very least—
, That this kind of refinancing shall constitute not more than forty for each centum of any bank loan manufactured beneath this subchapter."