Examine This Report on 922 loans
Examine This Report on 922 loans
Blog Article
(iii) The normal for every capita revenue on the residents getting electric services with the applicant is below the typical for each capita income of your citizens of the Condition during which the applicant gives service, or maybe the median domestic income of your homes acquiring electric provider from your applicant is lower than the median domestic profits with the homes from the Point out.
(ii) growing the fantastic principal equilibrium from the bank loan progress certain through the Secretary that is remaining refinanced under this area by the quantity of the penalty.
The Secretary shall establish, by regulation, ample safeguards in order that assistance under any rural growth program just isn't topic to such a situation.
inserted ", to community bodies now providing telephone assistance in rural areas" soon after "areas" in 1st sentence and just after "places" in initially proviso of next sentence.
(II)(aa) the typical profits for each kilowatt-hour offered by the applicant is a lot more than the standard earnings for every kilowatt-hour bought by all utilities in the State where the applicant supplies provider; and
We were being not able to instantly get your approximate area, so we'll have to have you to deliver your postal code to help us discover the closest keep to you.
struck out "along with the Governor of the telephone bank" following "The Secretary" in introductory provisions.
Quantities in Every single cushion of credit history account shall accrue desire towards the borrower in a fee of 5 % for each annum.
The Secretary of Agriculture (referred to Within this chapter as the "Secretary") is approved and empowered to produce loans, or refinance loans made or confirmed because of the Secretary less than this 922 loans chapter, within the several States and Territories of America for rural electrification and for the purpose of furnishing and improving upon electrical and phone services in rural spots, as offered in this chapter, and for the objective of helping electric borrowers to employ demand side management, Electrical power efficiency and conservation packages, and on-grid and off-grid renewable energy systems.
(5) the tactic by which the Secretary establishes that a assistance allows a subscriber to originate and receive high-quality voice, data, graphics, and movie for needs of delivering broadband provider below this chapter;
(one) The Secretary shall make grants less than this section determined by a perseverance of Price tag-effectiveness and the most effective use in the money to realize the uses explained in subsection (b).
If a borrower as well as Secretary have entered into an arrangement with regard into a prepayment occurring in advance of October 21, 1992, this paragraph shall supersede any provision from the agreement regarding the restoration of eligibility for loans below this chapter.
The goal of this segment is always to motivate the expansion and extension of Center mile broadband infrastructure to connect underserved rural parts on the backbone of the Internet.
The Secretary shall create a program, for being often called the "Community Connect Grant Software", to offer grants to suitable entities to finance broadband transmission in rural areas.