New Step by Step Map For 922 loans

(ii) The typical household revenue for each kilowatt-hour bought with the applicant isn't fewer than 120 % of the normal household earnings for each kilowatt-hour marketed by all utilities during the State through which the applicant presents support.

(two)(A) In the situation of deferments designed to enable the borrower to provide financing to regional companies, the deferment shall be repaid in equal installments, with no accrual of interest, in excess of the sixty-thirty day period time period beginning on the day in the deferment, and the full number of this kind of payments shall be equal to the quantity of the payment deferred.

This kind of loans shall be on this sort of conditions and terms referring to the expenditure of your moneys loaned and the security therefor since the Secretary shall ascertain and may be produced payable in whole or partially out of the money, apart from that no financial loan for the construction, Procedure, or enlargement of any building plant shall be designed Except if the consent from the Point out authority obtaining jurisdiction during the premises is to start with received.

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So that you can insure coordination of electric technology and transmission financing underneath this chapter Using the nationwide energy coverage, the Secretary in building or guaranteeing loans for the development, operation, or enlargement get more info of building plants or electric transmission traces or systems, shall take into consideration these kinds of general requirements in keeping with the provisions of the chapter as could possibly be posted from the Secretary of Vitality.

(b) As employed In this particular subchapter, the expression "rural spot" shall be deemed to mean any region of the United States not integrated within the boundaries of any included or unincorporated metropolis, village, or borough getting a populace in excess of 5,000 inhabitants.

§934. Licensed economic transactions; interim notes; buy of obligations for resale; sale of notes and certificates; liens

The Secretary may well not call for an entity that proposes to have a subscriber projection of a lot less than 20 p.c on the broadband services market in a very rural location to post for the Secretary a market survey.

The Secretary shall make insured phone loans, to the extent of qualifying apps for your loans, at an fascination amount of five percent each year, to any applicant who meets Just about every of the subsequent specifications:

(5) the method by which the Secretary decides that a service enables a subscriber to originate and acquire superior-quality voice, data, graphics, and online video for uses of delivering broadband provider below this chapter;

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§ 926. Particular rural improvement investments by competent telephone borrowers not handled as dividends or distributions

(iii) The program will have to motivate and improve Computer system networks and information highways for subscribers in rural regions.