5 Essential Elements For 922 loans
5 Essential Elements For 922 loans
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(ii) The typical residential revenue for every kilowatt-hour offered through the applicant is not under one hundred twenty percent of the normal household revenue for each kilowatt-hour marketed by all utilities while in the Point out during which the applicant supplies assistance.
The Secretary, in session with the Secretary of Agriculture as well as the Secretary of the Interior, may supply grants beneath this part to qualified grantees for the objective of—
Other than as furnished if not During this chapter, the time period "rural place" signifies the farm and nonfarm populace of—
The Secretary may perhaps come up with a personal loan beneath this portion to an unexpected emergency interaction devices company to extend or improve 911 access or other communications or technologies explained in subsection (a) Should the local governing administration which includes jurisdiction about the venture will not be permitted to acquire the debt resulting from the bank loan.
pertains to the issuance of polices to carry out amendments created by the Act which is established out as being a Observe below portion 901 of this title. For total classification of this Act for the Code, see Shorter Title of 1993 Modification Take note established out under segment 901 of this title and Tables.
(II) the payment quantities that may be essential in the course of the interval about the amounts staying refinanced or pay as you go If your fascination level to the financial loan have been equivalent on the then present cost of funds towards the Division on the Treasury for obligations of comparable maturity on the mortgage getting refinanced or pay as you go.
The Secretary is licensed and empowered to increase time of payment of fascination or principal of any loans created read more by the Secretary pursuant to this chapter, except that, with respect to any personal loan created under area 904 or 922 of this title, the payment of fascination or principal shall not be prolonged in excess of 5 years right after these kinds of payment shall are becoming due.
(D) Leverage aid technologies and products and services from on the net platforms for providers of broadband provider in rural locations.
The Secretary shall require any entity getting support under section 950bb–one of this title to post a semiannual report for five many years soon after completion of your job, inside a structure specified via the Secretary, that describes—
5 p.c of the amount of the penalty which is added to your exceptional principal equilibrium with the mortgage.
(A) that describes a project created to lower the cost of broadband deployment, and substantially boost broadband speed not to lower than the utmost one broadband buildout necessities established below section 950bb(e)(4) of this title, inside a rural region to become served by the challenge; and
(3) all collections of principal and curiosity obtained on and soon after July 1, 1972, on notes, bonds, judgments, or other obligations created or held beneath subchapters I and II of this chapter and below this subchapter, which shall be paid into and become belongings with the fund;
§ 926. Specific rural progress investments by capable phone borrowers not dealt with as dividends or distributions
When providing a grant less than this subchapter, the Secretary, at the only discretion from the Secretary, may make—