A Simple Key For 922 loans Unveiled

The phrase "eligible broadband support" suggests broadband provider which has the capability to transmit details at a speed specified through the Secretary, which will not be less than the applicable minimal download and upload speeds founded by the Federal Communications Commission in defining the time period "Innovative telecommunications ability" for uses of portion 1302 of title forty seven.

(bb) the common per capita earnings on the residents acquiring electric service through the applicant is a lot less than the standard for every capita cash flow in the citizens of your State during which the applicant offers assistance, or even the median household revenue with the homes getting electric assistance from your applicant is less than the median family cash flow in the households from the State.

(i) permits an individual software for a grant plus a personal loan under subchapter I, II, or this subchapter that may be linked to these types of grant; and

(A) soon after offering observe expected by subsection (a)(one), afford to pay for support suppliers not fewer than forty five times to voluntarily post data necessary from the Secretary on to the agency's on the net mapping Resource with regard to parts which can be coterminous Along with the proposed company place of the application (or any pieces thereof), these types of which the Secretary may possibly evaluate whether the applying submitted meets the eligibility prerequisites less than this subchapter; and

(ii) concur to complete Make-out of the middle mile infrastructure explained in the applying by not later than five years after the First day on which proceeds in the guidance supplied underneath this portion are made offered; and

Provisions much like These On this segment were contained in the next prior appropriation act:

The Secretary is authorized, from sums appropriated pursuant to area 906 of the title, to make this sort of expenses (which include expenses for private services; supplies and tools; lawbooks and publications of reference; directories and periodicals; journey bills; rental within the seat of presidency and in other places; the acquisition, Procedure, or servicing of passenger-carrying motor vehicles; and printing and binding) as are correct and necessary to carry out the provisions of the chapter.

Each year, the Secretary shall submit to the Congress a report that describes the extent of participation from the broadband help systems administered with the Secretary for the preceding fiscal 12 months, such as a description of—

§ 922. —  Loans for rural telephone service. [Guidelines in impact as of January 24, 2002] [Doc not influenced by Public Laws enacted concerning January 24, 2002 and December 19, 2002] [CITE: 7USC922] TITLE seven--AGRICULTURE CHAPTER 31--RURAL ELECTRIFICATION AND Phone Company SUBCHAPTER II--RURAL Phone Support Sec. 922. Loans for rural phone provider From this sort of sums as are every now and then produced out there from the Congress to the Secretary for these function, pursuant to section 903 of this title, the Secretary is licensed and empowered to produce loans to folks now delivering or who might hereafter present telephone assistance in rural places, to general public bodies now furnishing telephone service in rural parts and to cooperative, nonprofit, constrained dividend, or mutual associations. Other than as in any other case furnished by this subchapter, this sort of loans shall be designed under the identical conditions and terms as are provided in area 904 of the title, for the goal of funding the advance, expansion, construction, acquisition, and operation of telephone lines, services, or programs website to furnish and make improvements to phone provider in rural regions: Supplied, on the other hand, Which the Secretary, in making this kind of loans, shall give preference to individuals offering telephone support in rural areas, to public bodies now supplying telephone services in rural regions, and to cooperative, nonprofit, constrained, dividend, or mutual associations: And supplied even more, That for a period of a single calendar year from and right after Oct 28, 1949, apps for loans gained by the Secretary from folks who on October 28, 1949, are engaged inside the operation of current telephone service in rural spots shall be viewed as and acted upon before motion is taken upon any software obtained from any other human being for almost any personal loan to finance the furnishing or improvement of phone support to substantially exactly the same subscribers. The Secretary in earning these loans shall, insofar as you can, obtain assurance that the phone services being furnished or improved therefore will be manufactured accessible to the widest useful number of rural people. When it is determined with the Secretary to be needed to be able to furnish or strengthen phone services in rural areas, this kind of loans can be produced for the development, growth, design, acquisition, and Procedure of phone lines, services, or devices with out regard to their geographical area.

Except as delivered in clause (ii), subparagraph (A)(ii) shall not use to an incumbent services service provider inside the percentage of a proposed provider territory by which the service provider is upgrading broadband support to fulfill the minimal appropriate degree of broadband assistance proven underneath subsection (e) for the existing territory on the incumbent services supplier.

(ii) The applicant is capable of manufacturing Web money or margins in advance of curiosity of not less than 100% (although not more than 300 per cent) of your curiosity demands on the entire excellent and proposed loans with the applicant.

The goal of this area is to provide grants, supply loans, and supply personal loan guarantees to supply money for the costs of the development, enhancement, and acquisition of services and equipment for broadband support in rural parts.

§ 926. Certain rural improvement investments by competent telephone borrowers not treated as dividends or distributions

(7) the general progress toward fulfilling the target of bettering the standard of rural lifetime by expanding rural broadband entry, as shown by metrics, like—

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Comments on “A Simple Key For 922 loans Unveiled”

Leave a Reply

Gravatar