A Review Of 922 loans
A Review Of 922 loans
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concerning prepayment of loans were being established out to be a Take note under section 936 of this title and were repealed by
If the regulations aren't issued by January 1, 1994, the Secretary shall consider any demand from customers side management, Power conservation, or renewable Electricity method, process, or exercise that is accredited by a Condition agency to generally be suitable for that loans."
These loans shall be on these types of terms and conditions relating to the expenditure on the moneys loaned and the security therefor since the Secretary shall establish and will be manufactured payable in complete or in part out from the income, apart from that no personal loan for the development, operation, or enlargement of any producing plant shall be created Unless of course the consent of the Point out authority obtaining jurisdiction while in the premises is very first obtained.
The Secretary may well involve an entity to deliver a price share within an amount of money never to exceed ten % of the amount of the grant, mortgage, or bank loan ensure requested in the application in the entity, Unless of course the Secretary establishes that the next share is needed for fiscal feasibility.
§926. Sure rural advancement investments by skilled phone borrowers not addressed as dividends or distributions
(A) the duplication of any current suitable broadband provider provided by A different entity in the qualified service area; or
For electrification baseload technology financial loan guarantees, the Secretary shall, at the ask for with the borrower, charge an upfront price to deal with the costs of the loan guarantee.
The Secretary may not require an entity that proposes to possess a subscriber projection of a lot less than 20 per cent in the broadband services market inside of a rural place to submit into the Secretary a current market survey.
The Secretary shall make insured telephone loans, towards the extent of qualifying applications with the loans, at an fascination fee of 5 per cent each year, to any applicant who satisfies Just about every of the next needs:
(II) In the event the applicant for your mortgage tends to make an election pursuant to subparagraph (D) to include during the personal loan arrangement the best on the applicant to prepay the mortgage, a price equal to the quantity by which—
(one) The Secretary shall make grants under this segment based upon a resolve of cost-usefulness and the best use in the cash to accomplish the purposes explained in subsection (b).
A borrower of a personal loan created by the Federal Financing Lender and certain below section 936 of the title may possibly, at the option of your borrower, refinance or prepay the financial loan or an advance on the personal loan, or any part of the loan or progress.
A borrower that gets an extension below this part shall spend a cost towards the Secretary which shall be credited to the Rural Electrification and Telecommunications Loans Application account. This sort of expenses shall remain offered without 922 loans the need of fiscal year limitation to pay the modification charges for extensions.
The Secretary shall establish a system, to generally be called the "Group Connect Grant Software", to offer grants to suitable entities to finance broadband transmission in rural areas.