922 loans No Further a Mystery
922 loans No Further a Mystery
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(ii) The typical household revenue for each kilowatt-hour offered with the applicant is not fewer than 120 p.c of the common household revenue for each kilowatt-hour marketed by all utilities within the Condition in which the applicant gives company.
(ii) has the lawful potential and authority to enter right into a deal, to comply with applicable Federal legislation, and to very own and function broadband services, as proposed in the application submitted with the entity for your grant underneath This system.
The Secretary in generating these kinds of loans shall, insofar as you possibly can, acquire assurance that the phone provider for being furnished or enhanced therefore will be built available to the widest sensible range of rural end users. When it is determined because of the Secretary to get essential in order to furnish or make improvements to phone assistance in rural regions, this sort of loans might be built for the improvement, enlargement, development, acquisition, and operation of phone lines, services, or units devoid of regard to their geographical spot. The Secretary is additional approved and empowered to help make loans for the purpose of refinancing remarkable indebtedness of persons furnishing telephone assistance in rural areas, like indebtedness of recipients on An additional telecommunications bank loan built below this chapter. Loans beneath this portion shall not be produced Except if the Secretary finds and certifies that in his judgment the security therefor is fairly ample and this sort of loan will likely be repaid throughout the time agreed Which no duplication of traces, services, or methods, supplying reasonably adequate products and services will result therefrom.
The Secretary may possibly make a mortgage beneath this portion to an crisis communication tools supplier to grow or improve 911 access or other communications or systems explained in subsection (a) if the neighborhood govt which includes jurisdiction around the project is not allowed to acquire the debt ensuing within the personal loan.
The term "substantially underserved believe in spot" indicates a Neighborhood in "have faith in land" (as outlined in area 3765 of title 38) with respect to which the Secretary determines has a higher want for the benefits of an suitable application.
S.C. 901 et seq.] to finance the acquisition of present technology, transmission and distribution devices and services serving significant Charge, predominantly rural parts by entities capable of and dedicated to providing or enhancing services in this kind of locations within an economical and cost efficient way.
On ask for of any applicant for the mortgage under this paragraph throughout any fiscal yr, the Secretary shall—
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The phrase "incumbent provider provider", with regard to an software submitted underneath this segment, usually means an entity that, as with the date of submission of the applying, is providing broadband services not to fewer than five % from the homes during the support territory proposed in the application.
§6502, inserted part catchline and substituted "associations." for "associations: And offered further, That for your period of 1 year from and immediately after October 28, 1949, apps for loans received with the Secretary from folks who on October 28, 1949, are engaged from the Procedure of existing telephone company in rural places shall be viewed as and acted upon ahead of motion is taken on any software acquired from another individual for almost any financial loan to finance the furnishing or advancement of phone services to considerably the exact same subscribers.
(A) that describes a task designed to lower the price of broadband deployment, and significantly increase broadband velocity to not lower than the maximum 1 broadband buildout demands set up below section 950bb(e)(4) of this title, in a rural spot being served with the task; and
Clause (ii) shall not implement to a financial loan to become built to an applicant for the purpose of furnishing or improving upon electric assistance to shoppers situated in an city region (as outlined by the Bureau on the Census) if the average variety of individuals per mile of line of the entire electrical procedure from the applicant exceeds 17.
" for "units; to produce, or induce being manufactured, scientific studies, investigations, and reports regarding the issue and progress with the electrification of as well as the furnishing of adequate phone service in rural parts inside the several States and Territories; and also to publish and disseminate information with respect thereto."
, That such refinancing shall represent not more than forty for every centum of any read more financial loan manufactured beneath this subchapter."