922 loans for Dummies
922 loans for Dummies
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If any provision of the chapter, or the applying thereof to any person or situations, is held invalid, the remainder from the chapter and the appliance of this kind of provision to other persons or circumstances shall not be impacted thereby.
When figuring out populace density underneath this portion, the Secretary shall prescribe a calculation strategy which—
Entities that receive assistance to construct, increase, or receive middle mile infrastructure beneath this segment shall be suitable to apply For added resources under this subchapter to supply for retail broadband assistance to finish users.
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An qualified entity that provides telecommunications or broadband company to not less than 20 % in the households in The usa may not receive an quantity of funds under this segment for just a fiscal yr in surplus of 15 % of the money licensed and appropriated underneath subsection (j) for your fiscal year.
§two(a), amended subsec. (a) commonly. Before amendment, subsec. (a) browse as follows: "A read more immediate or insured personal loan built below this chapter shall not be marketed or prepaid at a worth below the facial area price of any outstanding principal balance on these bank loan, apart from when offered to or pay as you go with the borrower for the lesser from the outstanding principal balance thanks to the bank loan or even the financial loan's existing benefit discounted from the experience price at maturity at the rate established because of the Administrator.
The Secretary could waive the necessity of subparagraph (A)(ii) in almost any circumstance where the Secretary decides (and sets forth the reasons for that waiver in creating) the need would avert unexpected emergency restoration of the telephone technique in the applicant or lead to serious hardship to your applicant.
(two) recommendations for just about any regulatory or legislative alterations that may be suitable to boost companies to considerably underserved belief spots.
For the purpose of pinpointing the eligibility of a distribution borrower not in default on the repayment of a personal loan built or certain under this chapter for just a loan, loan assurance, or lien accommodation under this subchapter, a default by a borrower from which the distribution borrower purchases wholesale ability shall not—
inserted prior to interval at conclude "; as well as the phrase 'Secretary' shall be deemed to signify the Secretary of Agriculture".
The Secretary may well not charge any cost or demand not expressly presented On this chapter in reference to any personal loan designed or assured below this chapter.
A lender that receives a assurance issued less than this section with a bond or note shall fork out a rate into the Secretary.
The purpose of this portion should be to encourage the expansion and extension of Center mile broadband infrastructure to connect underserved rural areas towards the spine of the web.
§918a. Energy technology, transmission, and distribution facilities performance grants and loans in rural communities with really higher Power costs