A Review Of 922 loans
A Review Of 922 loans
Blog Article
The Fee shall consult with with the Secretary just before featuring or delivering Join America Fund or Mobility Fund help underneath the Federal universal service aid mechanisms proven below area 254 of title forty seven to serve a place with regard to which Yet another entity has acquired broadband help beneath a personal loan or grant system with the Section of Agriculture.
The Secretary shall give grants or zero curiosity loans to borrowers less than this chapter for the goal of advertising rural economic advancement and position generation initiatives, including funding for project feasibility experiments, start out-up expenditures, incubator tasks, and other reasonable bills for the objective of fostering rural enhancement.1
The Secretary shall build, by regulation, satisfactory safeguards to make certain support under any rural improvement software just isn't matter to this type of affliction.
The Secretary may well involve an entity to deliver a price share within an sum to not exceed 10 percent of the level of the grant, personal loan, or loan warranty asked for in the appliance of the entity, unless the Secretary establishes that the next share is needed for fiscal feasibility.
§926. Certain rural growth investments by capable telephone borrowers not addressed here as dividends or distributions
(four) The Secretary shall undertake all reasonable efforts to permit the full amount of deferments licensed by this subsection all through Every fiscal yr.
In the situation with the refinancing of a personal loan of a borrower pursuant to this segment and the inclusion of the penalty within the outstanding principal harmony in the refinanced loan pursuant to subsection (b)(3)—
(D) Leverage assistance systems and services from on-line platforms for providers of broadband service in rural areas.
A borrower which includes pay as you go an insured or direct loan shall remain suitable for guidance beneath this chapter in precisely the same method as other borrowers, besides that—
Besides as provided in clause (ii), subparagraph (A)(ii) shall not implement to an incumbent support provider from the portion of a proposed provider territory by which the company is upgrading broadband service to satisfy the minimum amount satisfactory standard of broadband service proven less than subsection (e) for the existing territory from the incumbent support supplier.
(1) The Secretary shall make grants under this section determined by a resolve of cost-usefulness and the best use on the cash to obtain the purposes described in subsection (b).
The purpose of this area is to offer grants, provide loans, and provide mortgage ensures to offer cash for The prices of the development, advancement, and acquisition of amenities and machines for broadband services in rural places.
Other than as supplied in subparagraph (D), the quantity of any grant created less than this section shall not exceed—
(seven) the general progress toward fulfilling the purpose of enhancing the caliber of rural lifestyle by increasing rural broadband obtain, as demonstrated by metrics, which include—