922 loans No Further a Mystery
922 loans No Further a Mystery
Blog Article
The phrase "qualified broadband service" signifies broadband services which includes the aptitude to transmit info in a pace specified by the Secretary, which may not be a lot less than the applicable minimum download and add speeds proven with the Federal Communications Commission in defining the expression "Superior telecommunications capability" for applications of segment 1302 of title 47.
(2)(A) In the case of deferments produced to help the borrower to provide funding to neighborhood firms, the deferment shall be repaid in equal installments, without the accrual of desire, around the 60-thirty day period interval commencing over the date of your deferment, and the entire level of this sort of payments shall be equal to the level of the payment deferred.
"(b) Assertion of Coverage.—It's the plan in the Congress that The agricultural Electrification Administration make loans that aid the development and improvement of The agricultural telecommunications infrastructure so as to make present day telecommunications engineering and services obtainable at fair charges to the best practicable quantity of men and women in rural spots in America."
(one) offers qualified broadband service to, throughout the proposed eligible services place described in the application submitted from the eligible entity—
The Secretary shall consider the present recurring revenues on the entity at some time of software in figuring out an adequate volume of credit guidance.
To make certain the Secretary has the assets essential to correctly look at the proposed assures, the Secretary may well Restrict the amount of guarantees issued underneath this segment to five a year.
The entire volume of a deferment beneath this subsection shall not exceed the sum from the principal and interest on the loans made into a buyer on the borrower, as determined by the Secretary.
(I) the price of borrowing to the Office from the Treasury for obligations of equivalent maturity; or
Notwithstanding subparagraph (A), quantities in each cushion of credit account shall accrue interest to the borrower at a rate equivalent to—
(5) the method by which the Secretary determines that a services enables a subscriber to originate and receive substantial-quality voice, knowledge, graphics, and movie for needs of giving broadband service below this chapter;
"(A) notify the Administrator in producing, inside 30 times after the issuance of laws to carry out this section, from the intent from the borrower to prepay; and
The objective of this portion is to supply grants, provide loans, and provide financial loan guarantees to supply money for more info The prices of the development, improvement, and acquisition of services and equipment for broadband services in rural locations.
Clause (i) shall not apply If your applicant is suitable for funding below One more subchapter of the chapter.
If a borrower prepays a loan less than this subsection applying tax exempt funding, the price cut shall be adjusted making sure that the borrower receives a advantage that may be equivalent towards the benefit the borrower would obtain In case the borrower employed absolutely taxable financing.