(B) the Secretary decides that the proposed Center mile community might be effective at supporting retail broadband assistance meeting the maximum broadband buildout requirement recognized underneath section 950bb(e)(4) of the title for that people within the proposed provider territory.
The Secretary is authorized and empowered, through the sums hereinbefore authorized, to create loans for rural electrification to folks, organizations, States, Territories, and subdivisions and organizations thereof, municipalities, peoples' utility districts and cooperative, nonprofit, or minimal-dividend associations, arranged beneath the rules of any Point out or Territory of The usa, for the purpose of funding the construction and Procedure of generating vegetation, electrical transmission and distribution strains or programs for that furnishing and increasing of electric service to individuals in rural parts, such as by assisting electric borrowers to employ need aspect management, Electricity effectiveness and conservation systems, and on-grid and off-grid renewable Strength methods, and loans, from cash accessible beneath section 903 of the title, to cooperative associations and municipalities for the objective of enabling stated cooperative associations, and municipalities towards the extent that these types of indebtedness was incurred with regard to electric transmission and distribution strains or systems or parts thereof serving folks in rural regions, to discharge or refinance long-time period debts owed by them into the Tennessee Valley Authority on account of loans made or credit prolonged under the terms with the Tennessee Valley Authority Act of 1933, as amended [16 U.
Besides as presented in any other case in this chapter, the phrase "rural location" signifies the farm and nonfarm populace of—
inserted ", to community bodies now giving phone provider in rural areas" soon after "spots" in initial sentence and immediately after "spots" in initial proviso of 2nd sentence.
The phrase "considerably underserved trust space" suggests a Neighborhood in "believe in land" (as described in segment 3765 of title 38) with respect to which the Secretary decides has a large need to have for the advantages of an suitable method.
No sums Besides the payment with the remarkable principal harmony thanks over the financial loan can be billed as the result of such prepayment against the borrower, the fund, or maybe the Secretary.
In the case with the refinancing of a financial loan of the borrower pursuant to this area and the inclusion of the penalty while in the exceptional principal equilibrium on the refinanced mortgage pursuant to subsection (b)(three)—
Any deal of coverage or promise executed by the Secretary underneath this subchapter shall be an obligation supported by the full faith and credit history of the United States and incontestable apart from fraud or misrepresentation of which the holder experienced actual know-how at the time it grew to become a holder.
(ii) allocate amounts during the reserve to each Point out for each fiscal yr for loans and loan ensures to suitable entities inside the Point out.
§6502, inserted section catchline and substituted "associations." for "associations: And provided further more, That for the duration of a single calendar year from and right after Oct 28, 1949, applications for loans acquired by the Secretary from individuals who on Oct 28, 1949, are engaged in the operation of current phone service in rural regions shall be considered and acted upon in advance of motion is taken on any software obtained from some other human being for any bank loan to finance the furnishing or advancement of phone services to considerably the exact same subscribers.
"(A) notify the Administrator in crafting, within just thirty days once the issuance of polices to perform this segment, from the intent of the borrower to prepay; and
All redemptions, purchases, and sales because of the Secretary on the Treasury of this kind of notes shall be addressed as community personal debt transactions of The usa: Supplied, nevertheless, That these types of interim notes on the Secretary of the Treasury shall not be included in the totals of your funds of America Federal government and shall be exempt from any general limitation imposed by statute on expenditures and Web lending (price range outlays) of America.
The Secretary shall set up a plan to become often known as the "Revolutionary Broadband Improvement System", underneath which the Secretary may well provide a grant, read more a loan, or both equally to an suitable entity for the objective of demonstrating progressive broadband systems or methods of broadband deployment that significantly lower the cost of broadband deployment, and provide significantly more quickly broadband speeds than are offered, within a rural area.
The Secretary may well not ask for any applicant for An electrical mortgage beneath this chapter to submit an application for and settle for a loan in an sum exceeding 30 per cent with the credit history needs from the applicant.