About 922 loans
About 922 loans
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(vi) The strategy ought to present for such more necessities for service expectations as can be required because of the Secretary.
(bb) the standard for every capita money with the people obtaining electrical company through the applicant is below the standard for every capita revenue of your residents in the Point out where the applicant provides assistance, or even the median household revenue with the households acquiring electric powered support within the applicant is less than the median home income with the households in the Condition.
" in next sentence and "Which no duplication" for ", nor shall these financial loan be designed in almost any Condition which now has or might hereafter have a Point out regulatory overall body obtaining authority to regulate phone provider also to require certificates of ease and requirement on the applicant Except if such certification from this kind of agency is to start with obtained. Within a State through which there's no these agency or regulatory system legally licensed to challenge these certificates for the applicant, no personal loan shall be created less than this segment Until the Secretary shall figure out (and set forth his explanations therefor in creating) that no duplication" in previous sentence.
substituted provisions location out the liabilities of the Rural Electrification and Phone Revolving Fund as well as the allowable purposes for which fund property shall be accessible, for provisions, that the monies in the rural phone account ought to continue being on deposit inside the Treasury of America until eventually disbursed.
(i) submit to your Secretary an application at such time, in such method, and that contains these kinds of info given that the Secretary could require;
When the Secretary herein provided for is identified via the President of The us to get responsible of a violation of the segment, he shall be faraway from Business office through the President, and more info any appointee or array of officers or employees created by the Secretary that is discovered guilty of a violation of the chapter shall be taken off by the Secretary.
§934. Approved monetary transactions; interim notes; order of obligations for resale; sale of notes and certificates; liens
(2) suggestions for any regulatory or legislative variations that would be ideal to enhance providers to substantially underserved rely on parts.
The Secretary of Agriculture (referred to Within this chapter as the "Secretary") is licensed and empowered to help make loans, or refinance loans designed or assured from the Secretary less than this chapter, from the numerous States and Territories of the United States for rural electrification and for the objective of furnishing and bettering electric powered and telephone company in rural regions, as supplied in this chapter, and for the objective of helping electric borrowers to put into practice demand from customers facet management, energy effectiveness and conservation courses, and on-grid and off-grid renewable Strength techniques.
On request of any applicant who is eligible for a financial loan less than this paragraph for which resources are usually not out there, the applicant shall be considered to have used for your financial loan beneath subchapter IV.
Any substitute support specifications really should continue on to consider the greatest technological know-how accessible to fulfill the needs in the citizens while in the unserved place.
A lender that gets a assurance issued less than this section on a bond or Be aware shall pay out a price to your Secretary.
A borrower that gets an extension under this part shall pay a cost towards the Secretary which shall be credited to The agricultural Electrification and Telecommunications Loans Program account. This kind of expenses shall stay readily available with out fiscal 12 months limitation to pay for the modification expenses for extensions.
(3) be the lead to, instantly or indirectly, of imposing any necessity or restriction to the borrower as a problem with the assistance, besides these kinds of requirements or restrictions as are required to put into practice a personal debt restructuring agreed on by the power supply borrower and the Government.