The smart Trick of 922 loans That No One is Discussing
The smart Trick of 922 loans That No One is Discussing
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For the purpose of administering this chapter and for the objective of creating the reports, investigations, publications, and stories herein offered for, there is approved to become appropriated, away from any cash from the Treasury not in any other case appropriated, such sums as shall be required.
A borrower of the insured or guaranteed electric bank loan underneath this chapter may, devoid of restriction or prior acceptance from the Secretary, make investments its possess resources or make loans or assures, not in extra of 15 p.c of its full utility plant.
An qualified entity that receives a grant under This system shall use the grant to execute a undertaking that—
Chances are you'll print or download a duplicate of the Content for your own use provided that you preserve intact all copyright as well as other proprietary notices. All legal rights not expressly granted herein are reserved to the organization and its licensors. When the information contained in this site is periodically up to date, no assurance is given that the knowledge posted on This page is correct, comprehensive or up to date.
If, not later than 1 year following last laws are promulgated to carry out this paragraph, any Point out, both by statute or throughout the community utility commission of your Condition, develops a telecommunications modernization prepare that meets the requirements of subparagraph (B), the Secretary shall approve the plan with the Condition.
No sums Together with the payment with the exceptional principal balance owing within the loan can be charged as the result of this kind of prepayment from the borrower, the fund, or even the Secretary.
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authorized assignment of certain loans and their linked guarantees and inserted "in the beginning" ahead of "produced, held, and serviced" in provision defining certain loans as that term is applied On this subchapter.
Not fewer than 3 per cent rather than in excess of five % of quantities appropriated to execute this part for your fiscal 12 months shall be utilized for technical assistance and training less than this paragraph.
substituted ", except that, with respect to any personal loan" for ": Offered, however, That with respect to any financial loan" and struck out ", and with respect to any bank loan built below part 905 of the title, the payment of principal or interest shall not be extended much more than two a long time immediately after this kind of payment shall have grown to be owing: And provided more, The provisions of the part shall not utilize to any obligations or the safety therefor which may be held from the Reconstruction Finance Corporation beneath the provisions of area 903 of the title" after "this sort of payment shall are becoming owing".
"(A) notify the Administrator in writing, inside thirty times following the issuance of rules to perform this segment, in the intent in the borrower to prepay; and
The proceeds of help offered beneath this area could possibly be accustomed to perform a task in the proposed provider territory only if, as in the date the applying for aid less than this part is submitted, There may be not enough Center mile infrastructure available to help broadband support for suitable rural communities that may be furnished use of the middle mile infrastructure.
A borrower that receives an extension underneath this segment shall fork out a payment into the Secretary which shall be credited to the Rural Electrification and Telecommunications Loans Method account. This kind of expenses shall remain offered without fiscal yr limitation to pay for the modification costs for extensions.
When furnishing a grant less than this subchapter, the Secretary, at the only real discretion with the Secretary, may make—