The 5-Second Trick For 922 loans
The 5-Second Trick For 922 loans
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(D) the estimated amount and proportion of company factors in the proposed service territory devoid of set broadband services, regardless of whether terrestrial or wi-fi;
The Secretary shall seek the advice of Along with the Fee before providing broadband help for your project to serve a region with regard to which A further entity is obtaining Connect America Fund or Mobility Fund aid beneath the Federal universal services help mechanisms set up beneath area 254 of title forty seven.
(eight) payment of the acquisition value and any prices and costs incurred in connection with the purchase, acquisition, or Procedure of home pursuant to part 907 of the title.
The Secretary shall, with the consent of the lender, framework the program for payment in the cost to make sure that ample money can be obtained to pay the subsidy expenditures for Be aware or bond guarantees as offered for in subsection (e)(two).
(A) Harmonize broadband notification and reporting specifications and establish prevalent verification procedures across all federally supported broadband programs.
(B) The level of the deferment shall not exceed 50 percent of the overall expense of a Local community or economic progress project for which a deferment is provided less than this subsection.
The Secretary is licensed and empowered to extend time of payment of fascination or principal of any loans created by the Secretary pursuant to this chapter, except that, with regard to any mortgage produced under portion 904 or 922 of this title, the payment of desire or principal shall not be extended much more than 5 years right after this kind of payment shall became due.
Purchases and resales with the Secretary from the Treasury hereunder shall not be included in the totals from the price range of The us Government and shall be exempt from any common limitation imposed by statute on expenditures instead of lending (finances outlays) of The us.
The discounted rate relevant on the prepayment below this subsection of the mortgage or loan advance shall be the then current price of cash on the Department with the Treasury for obligations of comparable maturity on the remaining phrase with the mortgage.
The Secretary might involve any extra reporting and data by any recipient of any broadband guidance read more below this chapter so as to be certain compliance with this area.
Any substitute services benchmarks ought to keep on to evaluate the very best know-how accessible to meet the requirements in the inhabitants from the unserved area.
(1) figuring out Every single finished application for any phone loan less than portion 935 of the title or simply a guarantee of the telephone mortgage beneath area 936 of this title that has not been ultimately acted upon inside ninety days once the date the completed software is submitted; and
The Secretary may have to have an entity that proposes to possess a subscriber projection of a lot more than 20 p.c in the broadband company industry inside of a rural area to submit for the Secretary a market place study.
§918a. Electrical power era, transmission, and distribution facilities performance grants and loans in rural communities with really substantial Electrical power expenses