Getting My 922 loans To Work
Getting My 922 loans To Work
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If any provision of the chapter, or the applying thereof to anyone or situations, is held invalid, the remainder from the chapter and the applying of this sort of provision to other persons or situation shall not be impacted thereby.
If your restrictions usually are not issued by January one, 1994, the Secretary shall look at any demand side management, energy conservation, or renewable energy system, procedure, or exercise that is definitely authorised by a Condition agency being eligible for the loans."
inserted "specified" before "electrical" in area catchline and amended textual content frequently. Before amendment, textual content study as follows: "The Administrator might not call for prior approval of, impose any necessity, restriction, or prohibition with respect on the operations of, or deny or delay the granting of a lien accommodation to, any electric borrower below this chapter whose net well worth exceeds one hundred ten % of your remarkable principal harmony on all loans made or guaranteed to the borrower through the Administrator."
The applicant may well not find a expression that ends in excess of 35 several years after the start of the initial expression the applicant selects less than clause (i).
On ask for of any applicant who is qualified for a financial loan less than this paragraph for which cash are not readily available, the applicant shall be regarded as to own utilized for your mortgage ensure underneath part 936 of the title.
(V) that supply swift and expanded deployment of preset and cellular broadband on cropland and ranchland in a service territory to be used in numerous apps of precision agriculture; and
§922. Loans for telephone company Part Text From these types of sums as are occasionally designed obtainable by the Congress to your Secretary for this kind of intent, pursuant to area 903 of the title, the Secretary is authorized and empowered to generate loans to folks now delivering or who may hereafter give phone services in rural parts, to public bodies now offering phone company in rural places and also to cooperative, nonprofit, confined dividend, or mutual associations.
(B) any needed amenities important to present that qualified broadband services to every residential and enterprise consumer within these types of proposed qualified services space; and
A borrower that has pay as you go an 922 loans insured or immediate mortgage shall remain eligible for help below this chapter in the exact same way as other borrowers, other than that—
(II) If your applicant for that financial loan would make an election pursuant to subparagraph (D) to include inside the mortgage agreement the right of your applicant to prepay the financial loan, a price equivalent to the quantity by which—
Besides other authority below relevant legislation, the Secretary shall build published processes for all broadband programs so that, to the utmost extent practicable, the plans are administered to—
, Which the Secretary, in producing this kind of loans, shall give desire to persons furnishing telephone company in rural regions, to public bodies now delivering phone provider in rural areas, and also to cooperative, nonprofit, limited dividend, or mutual associations. The Secretary in generating such loans shall, insofar as is possible, acquire assurance that the telephone support to become furnished or enhanced thereby is going to be produced available to the widest functional quantity of rural users. When it is determined because of the Secretary to become needed in order to furnish or increase phone company in rural locations, these kinds of loans may very well be produced for the improvement, growth, building, acquisition, and operation of telephone strains, amenities, or systems without having regard to their geographical spot.
(ii) broadband company just isn't offered in almost any part of the proposed service territory by three or maybe more incumbent assistance companies.
The Secretary shall set up a method, to become often called the "Community Link Grant Application", to provide grants to qualified entities to finance broadband transmission in rural parts.