922 loans No Further a Mystery
922 loans No Further a Mystery
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The time period "broadband company" suggests any technological innovation discovered by the Secretary as obtaining the capacity to transmit facts to help a subscriber to your assistance to originate and obtain higher-top quality voice, data, graphics, and video.
When pinpointing inhabitants density underneath this segment, the Secretary shall prescribe a calculation method which—
In awarding help underneath this part, the Secretary shall give priority to proposals for initiatives that—
The Secretary may perhaps create a personal loan below this section to an emergency conversation products supplier to expand or strengthen 911 entry or other communications or technologies described in subsection (a) When the regional governing administration that has jurisdiction above the job will not be permitted to accumulate the credit card debt ensuing with the loan.
(II) which can be encountering outmigration and have adopted a strategic Local community expenditure strategy beneath area 2008v(d) of the title that includes concerns for increasing and growing broadband services;
(A) eligibility requirements to make certain that any bank loan prepayment action necessary to be carried out beneath this subsection will probably be directed to Individuals cooperative borrowers in finest will need of the benefits associated with prepayment, as based on the Secretary; and
The Secretary may well waive the necessity of subparagraph (A)(ii) in almost any situation by which the Secretary establishes (and sets forth the reasons with the waiver in composing) which the necessity would prevent crisis restoration of the telephone technique from the applicant or end in extreme hardship to the applicant.
Every year, the Secretary shall submit to the Congress a report that describes the extent of participation while in the broadband assistance plans administered because of the Secretary for your previous fiscal 12 months, including a description of—
§ 922. — Loans for rural phone assistance. [Guidelines in influence as of January 24, 2002] [Document not afflicted by Community Regulations enacted between January 24, 2002 and December 19, 2002] [CITE: 7USC922] TITLE seven--AGRICULTURE CHAPTER 31--RURAL ELECTRIFICATION AND TELEPHONE Company SUBCHAPTER II--RURAL TELEPHONE Services Sec. 922. Loans for rural telephone provider From this sort of sums as are once in a while manufactured obtainable by the Congress into the Secretary for these goal, pursuant to portion 903 of this title, the Secretary is licensed and empowered to generate loans to persons now delivering or who might hereafter present telephone provider in rural areas, to community bodies now furnishing telephone provider in rural areas and also to cooperative, nonprofit, minimal dividend, or mutual associations. Except as normally furnished by this subchapter, this kind of loans shall be designed underneath the identical conditions and terms as are supplied in area 904 of the title, for the objective of financing the development, growth, development, acquisition, and Procedure of phone strains, amenities, or systems to furnish and boost telephone provider in rural spots: Supplied, even so, Which the Secretary, in earning such loans, shall give preference to people offering telephone provider in rural parts, to general public bodies now furnishing phone provider in rural regions, and also to cooperative, nonprofit, constrained, dividend, or mutual associations: And offered more, That for any period of one calendar year from and just after October 28, 1949, purposes for loans gained through the Secretary from individuals who on October 28, 1949, are engaged inside the operation of present telephone services in rural areas shall be considered and acted on in advance of action is taken on any software acquired from every other human being for almost any bank loan to finance the furnishing or improvement of telephone service to considerably the exact same subscribers. The Secretary in producing such loans shall, insofar as is possible, get assurance that the phone services to check here generally be furnished or improved therefore will be designed accessible to the widest sensible variety of rural users. When it is set via the Secretary for being vital as a way to furnish or make improvements to telephone assistance in rural locations, these loans could be built for the improvement, growth, development, acquisition, and Procedure of phone lines, facilities, or programs without the need of regard to their geographical place.
"(two) may well not have to have any rural utility That could be a borrower of loans topic to section 306A to create unreasonable reductions in rates to its customers to be a affliction of these kinds of prepayment."
struck out at close "On or ahead of February fifteen, of each calendar 12 months beginning with calendar yr 1976, or these types of other date as can be specified by the appropriate committee, the Secretary of Agriculture shall testify prior to the Dwelling Committee on Agriculture as well as the Senate Committee on Agriculture, Nourishment, and Forestry and supply justification in detail of the amount requested from the spending budget to get appropriated for the subsequent fiscal year for the purpose of administering this chapter and for the objective of earning the scientific studies, investigations, publications, and stories herein licensed."
(ii) in the situation of a confirmed bank loan, the current relevant industry rate for your bank loan of comparable maturity; and
A borrower that receives an extension less than this area shall pay back a payment into the Secretary which shall be credited to the Rural Electrification and Telecommunications Loans Application account. This sort of expenses shall remain out there with out fiscal year limitation to pay the modification expenditures for extensions.
The Secretary shall build a system, being called the "Local community Join Grant Plan", to offer grants to suitable entities to finance broadband transmission in rural areas.