922 loans No Further a Mystery

(iii) The typical per capita profits in the people obtaining electric service through the applicant is fewer than the normal per capita income on the people from the Condition through which the applicant presents company, or even the median household cash flow with the households receiving electric provider in the applicant is lower than the median domestic cash flow in the households in the State.

(B) one hundred pc of the amount of curiosity for 1 12 months on the superb principal stability of the personal loan or mortgage progress, or any percentage of the loan or advance, currently being refinanced, multiplied by the ratio that—

A lender shall not receive a promise under this part to get a bond or Take note if, at the time with the guarantee, the overall principal amount of these guaranteed bonds or notes fantastic of the lender would exceed the principal level of superb loans from the lender for eligible needs explained in subsection (a)(one).

(ii) in periodic installments of fascination and, at the conclusion of the term on the bond or Take note, as relevant, from the repayment on the superb principal; or

Extensions beneath this portion shall not be granted Except if the borrower to start with submits with its request both—

S.C. 901 et seq.] to finance the acquisition of present technology, transmission and distribution units and amenities serving superior Price tag, predominantly rural areas by entities capable of and dedicated to providing or improving services in this kind of areas within an efficient and inexpensive fashion.

(I) connecting, aiding with connecting, or enabling the connection of retail broadband devices that serve rural parts inside the proposed company territory to the middle mile infrastructure challenge in A reasonable and economically aggressive fashion;

authorized assignment of confirmed loans and their linked guarantees and inserted "at first" before "produced, held, and serviced" in provision defining confirmed loans as that time period is made use of Within this subchapter.

To become eligible to get a grant less than the Program, an eligible entity shall post to your Secretary an application at these kinds of time, in these way, and containing such information given that the Secretary may well demand.

(two) payment of principal when thanks (with out curiosity) on fantastic loans into the Secretary in the Secretary in the Treasury for electrification and telephone reasons and payment of principal and curiosity when because of on loans on the Secretary website through the Secretary with the Treasury pursuant to part 934(a) of the title;

struck out at close "On or ahead of February 15, of every calendar year commencing with calendar yr 1976, or this kind of other day as may very well be specified by the appropriate committee, the Secretary of Agriculture shall testify prior to the House Committee on Agriculture plus the Senate Committee on Agriculture, Nutrition, and Forestry and provide justification intimately of the quantity requested while in the spending budget being appropriated for the next fiscal yr for the objective of administering this chapter and for the goal of producing the experiments, investigations, publications, and reviews herein approved."

(1) identifying Every single concluded software for the telephone bank loan beneath area 935 of this title or even a promise of a phone personal loan less than portion 936 of the title that has not been lastly acted on in just ninety times following the date the finished application is submitted; and

The Secretary may perhaps demand an entity that proposes to possess a subscriber projection of greater than 20 per cent of the broadband support sector inside a rural spot to post to the Secretary a market place study.

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