The 5-Second Trick For 922 loans

The 5-Second Trick For 922 loans

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For the purpose of administering this chapter and for the objective of creating the studies, investigations, publications, and experiences herein supplied for, You can find approved to be appropriated, away from any cash during the Treasury not normally appropriated, this kind of sums as shall be important.

(ii) post to your Secretary an software at these time, in these way, and that contains this kind of details because the Secretary may involve; and

The Secretary may perhaps prohibit an applicant from choosing a term that will lead to the entire term of the loan being greater compared to expected handy life of the assets being financed.

For purposes of pinpointing no matter if to provide help for your project below this area, the Secretary shall use standards which are technologically neutral.

(two) Assistance the prolonged-expression viability, sustainability, and utility of federally supported rural broadband infrastructure, by examining the specialized capabilities from the technologies available and reasonably predicted to generally be accessible by 2035 to meet the broadband provider desires of rural people discovered under paragraph (one), such as by analyzing the subsequent:

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(i) The typical revenue for each kilowatt-hour sold with the applicant isn't less than one hundred twenty p.c of the typical earnings per kilowatt-hour offered by all utilities in the Condition wherein the applicant gives service.

(two) control the purchase or sequence of innovations of money underneath telephone loans manufactured under this chapter to any borrower who's got received any blend of phone loans from your Secretary or maybe the Federal Funding Bank; or

(bb) fascination on the amount explained in item (aa), for the period of time beginning over the date of the prepayment and ending to the date with the repayment, at a amount equal to the average yearly price of borrowing by the Office on the Treasury.

(II) In case the applicant to the bank loan helps make an election pursuant to subparagraph (D) to include within the loan settlement the right in the applicant to prepay the financial loan, a charge equal to the quantity by which—

(ii) The applicant is capable of producing Web income or margins in advance of desire of not under more info 100% (although not more than 300 per cent) of your interest needs on most of the outstanding and proposed loans in the applicant.

S.C. 901 et seq.), and to increase the maturity date of any these types of bank loan to a day not beyond forty yrs from your day of this sort of personal loan the place he determines these kinds of motion is critical as a result of impairment of your economic feasibility on the process, or perhaps the reduction, destruction, or damage with the property of these borrowers as a result of A significant catastrophe.

The Secretary could have to have an entity that proposes to possess a subscriber projection of greater than 20 % with the broadband service marketplace in a very rural place to post towards the Secretary a current market study.

The Secretary shall, with regard to some retail broadband software for aid, that's outside the house an area where the applicant gets Federal universal support aid—