922 loans - An Overview
922 loans - An Overview
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inserted requirement which the Secretary of Agriculture testify before the House Committee on Agriculture plus the Senate Committee on Agriculture and Forestry each calendar calendar year on or before February fifteenth or other date specified by the Committees to deliver justification in detail of the amount requested from the price range to generally be appropriated for the following fiscal 12 months.
In the event the regulations usually are not issued by January one, 1994, the Secretary shall consider any demand side management, Vitality conservation, or renewable Electrical power plan, method, or activity that may be permitted by a Condition company to become suitable for the loans."
The Secretary may well not, being a problem of creating a telephone mortgage to an applicant therefor, involve the applicant to—
(aa) the amount (if any) by which the low cost the borrower obtained by rationale with the prepayment exceeds the discount the borrower would have obtained had the price cut been according to the price of money to your Division on the Treasury at enough time of your prepayment; and
§926. Selected rural improvement investments by certified phone borrowers not addressed as dividends or distributions
(A) the duplication of any existing qualified broadband provider provided by another entity in the qualified support area; or
§934. Approved financial transactions; interim notes; acquire of obligations for resale; sale of notes and certificates; liens
(two) regulate the buy or sequence of advances of cash below phone loans produced underneath this chapter to any borrower who may have acquired any mix of telephone loans within the Secretary or even the Federal Financing Lender; or
(i) The standard quantity of subscribers for each mile of line while in the services space on the applicant is not really over four.
§6502, inserted part catchline and substituted "associations." for "associations: And presented more, That for any duration of one particular year from and after Oct 28, 1949, programs for loans received by the Secretary from people who on Oct 28, 1949, are engaged inside the Procedure of existing phone services in rural spots shall be regarded and acted on ahead of motion is taken upon any application been given from some other individual for almost any loan to finance the furnishing or enhancement of phone service to substantially a similar subscribers.
Subject matter to subsection (b), the Secretary shall assure payments on bonds or notes issued by cooperative or other lenders arranged with a not-for-revenue basis, Should the proceeds in the bonds or notes are accustomed to make utility infrastructure loans, or refinance bonds or notes issued for people functions, to your borrower which includes Anytime received, or is eligible to obtain, a financial loan less than this chapter.
The Secretary is authorized and empowered to bid for and buy at any foreclosure or other sale, or normally to acquire, residence pledged or mortgaged to secure any personal loan manufactured pursuant to this chapter; to pay for the purchase price and any expenditures click here and expenditures incurred in relationship therewith from your sums licensed in segment 903 of the title; to simply accept title to any house so purchased or acquired in the name of The usa of America; to function or lease these types of home for these types of period as can be deemed required or sensible to protect the financial investment therein, although not to exceed 5 years following the acquisition thereof; and also to sell this sort of assets so ordered or acquired, on these types of terms and for this kind of thought as being the Secretary shall identify to be sensible.
The Secretary shall set up a plan to be known as the "Ground breaking Broadband Improvement Software", below which the Secretary may give a grant, a bank loan, or each to an suitable entity for the objective of demonstrating revolutionary broadband systems or methods of broadband deployment that noticeably lower the cost of broadband deployment, and provide significantly more rapidly broadband speeds than are available, in a very rural location.
When supplying a grant under this subchapter, the Secretary, at the only real discretion on the Secretary, may possibly make—