922 loans No Further a Mystery
922 loans No Further a Mystery
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"(2) are not able to, in accordance with usually recognized administration and accounting concepts and without charging costs to its prospects or subscribers so superior as to generate a considerable disparity amongst these kinds of rates and the premiums billed for related company in the identical or close by locations by other suppliers, give provider in step with the objectives of the chapter."
(B) one hundred pc of the quantity of desire for one 12 months around the fantastic principal stability of the bank loan or mortgage progress, or any part of the mortgage or progress, remaining refinanced, multiplied with the ratio that—
The Secretary might not, as being a problem of making a phone loan to an applicant therefor, need the applicant to—
(A) after giving notice demanded by subsection (a)(1), afford to pay for assistance companies not fewer than forty five times to voluntarily submit information expected from the Secretary onto the agency's online mapping Software with respect to parts which have been coterminous Together with the proposed assistance spot of the application (or any sections thereof), this kind of the Secretary may assess regardless of whether the appliance submitted satisfies the eligibility needs less than this subchapter; and
An qualified entity that provides telecommunications or broadband services to not less than twenty p.c with the homes in The us might not receive an quantity of funds less than this part for the fiscal yr in excessive of 15 p.c on the funds licensed and appropriated below subsection (j) for the fiscal 12 months.
(V) that offer quick and expanded deployment of fastened and cell broadband on cropland and ranchland inside of a services territory for use in numerous programs of precision agriculture; and
The Secretary could waive the requirement of subparagraph (A)(ii) in almost any case wherein the Secretary decides (and sets forth The explanations for your waiver in crafting) the need would avoid crisis restoration of the telephone procedure on the applicant or result in critical hardship towards the applicant.
, That to get a duration of just one yr from and following Oct 28, 1949, apps for loans obtained by the Secretary from folks who on October 28, 1949, are engaged in the Procedure of existing phone support in rural spots shall be considered and acted upon in advance of action is taken on any software obtained from another individual for almost any mortgage to finance the furnishing or enhancement of telephone assistance to significantly precisely the same subscribers." in 2nd sentence and "Which no duplication" for ", nor shall these mortgage be built in any Condition which now has or may hereafter Use a State regulatory overall body getting authority to manage phone service and to have to have certificates of convenience and necessity on the applicant Except this kind of certificate from these company is to start with obtained.
For the purpose of figuring out the eligibility more info of the distribution borrower not in default within the repayment of a bank loan created or guaranteed under this chapter for just a bank loan, mortgage warranty, or lien accommodation underneath this subchapter, a default by a borrower from which the distribution borrower buys wholesale electric power shall not—
On ask for of any applicant that's suitable for your financial loan underneath this paragraph for which resources aren't offered, the applicant shall be thought of to have used for your bank loan beneath subchapter IV.
struck out at finish "On or before February fifteen, of every calendar calendar year starting with calendar 12 months 1976, or this sort of other day as might be specified by the suitable committee, the Secretary of Agriculture shall testify ahead of the Home Committee on Agriculture plus the Senate Committee on Agriculture, Nourishment, and Forestry and provide justification in detail of the amount asked for during the price range being appropriated for the next fiscal year for the objective of administering this chapter and for the objective of building the studies, investigations, publications, and reviews herein approved."
(ii) give precedence to programs for projects to deliver the maximum level of broadband assistance to the greatest proportion of rural homes inside the proposed service place recognized in the applying;
The purpose of this portion will be to stimulate the expansion and extension of middle mile broadband infrastructure to attach underserved rural places into the spine of the online world.
Within the ask for of A non-public lender delivering financing to such a borrower to get a capital investment decision, the Secretary shall, expeditiously, either offer to share The federal government's lien over the borrower's process or present to subordinate the government's lien on that home financed from the non-public lender.