A Review Of 922 loans
A Review Of 922 loans
Blog Article
(ii) The average residential revenue per kilowatt-hour marketed from the applicant is not really under one hundred twenty p.c of the typical household revenue per kilowatt-hour sold by all utilities inside the State through which the applicant provides assistance.
The Secretary is authorized and empowered, through the sums hereinbefore approved, to help make loans for rural electrification to individuals, businesses, States, Territories, and subdivisions and businesses thereof, municipalities, peoples' utility districts and cooperative, nonprofit, or limited-dividend associations, arranged beneath the laws of any Condition or Territory of the United States, for the purpose of funding the development and Procedure of making plants, electric transmission and distribution strains or techniques to the furnishing and strengthening of electric powered provider to individuals in rural spots, such as by helping electric powered borrowers to carry out desire aspect management, Electrical power efficiency and conservation plans, and on-grid and off-grid renewable Vitality systems, and loans, from resources out there less than part 903 of this title, to cooperative associations and municipalities for the objective of enabling stated cooperative associations, and municipalities into the extent that these indebtedness was incurred with respect to electrical transmission and distribution lines or devices or portions thereof serving people in rural places, to discharge or refinance long-expression debts owed by them to the Tennessee Valley Authority on account of loans designed or credit history prolonged under the terms with the Tennessee Valley Authority Act of 1933, as amended [sixteen U.
"(b) Assertion of Coverage.—It's the coverage from the Congress that The agricultural Electrification Administration make loans that facilitate the event and enhancement of the rural telecommunications infrastructure so that you can make modern telecommunications engineering and providers obtainable at sensible charges to the best practicable variety of folks in rural areas in The usa."
inserted ", to general public bodies now offering phone service in rural regions" after "regions" in first sentence and soon after "areas" in very first proviso of second sentence.
(i) post towards the Secretary an software at such time, in these kinds of fashion, and containing these details as the Secretary could involve;
We were being struggling to quickly receive your approximate place, so we are going to have to have you to offer your postal code to help us find the closest store for you.
In the situation on the refinancing of a mortgage of a borrower pursuant to this section and the inclusion of the penalty in the superb principal harmony in the refinanced bank loan pursuant to subsection (b)(three)—
amended part normally, inserting part catchline and substituting present provisions for provisions regarding funds of Secretary, like provisions for loans by Secretary in the Treasury, authorization of appropriations, allotment of resources for loans in States, loans of unallotted funds, and unexpended funds and limitation on use.
The term "incumbent services provider", with regard to an software submitted less than this portion, means an entity that, as 922 loans of the day of submission of the applying, is furnishing broadband company not to a lot less than 5 percent from the households in the service territory proposed in the applying.
(II) When the applicant for your mortgage helps make an election pursuant to subparagraph (D) to include within the mortgage agreement the right of the applicant to prepay the personal loan, a level equivalent to the amount by which—
The amount of the yearly cost compensated for that warranty of the bond or Notice beneath this area shall be equal to 30 foundation factors of the level of the unpaid principal with the bond or Observe certain below this segment.
The purpose of this area is to deliver grants, offer loans, and provide financial loan assures to provide money for the costs of the development, advancement, and acquisition of amenities and equipment for broadband services in rural regions.
The Secretary could make or assurance loans less than this subchapter and subchapter I for cybersecurity and grid security improvements.
(b) The Secretary of your Treasury is authorized and directed to purchase for resale obligations insured through the fund when offered by the Secretary. This sort of resales shall be upon this kind of terms and conditions because the Secretary in the Treasury shall decide.