922 loans for Dummies
922 loans for Dummies
Blog Article
It's declared to be the coverage from the Congress that satisfactory phone services be created usually offered in rural parts via the development and expansion of present telephone services and the development and Procedure of this kind of more facilities as are required to guarantee The supply of sufficient phone company to your widest practicable amount of rural users of these types of support.
The Secretary, in session Together with the Secretary of Agriculture as well as the Secretary of the inside, may well present grants under this area to suitable grantees for the goal of—
In awarding assistance less than this part, the Secretary shall give precedence to proposals for jobs that—
(ii) in periodic installments of fascination and, at the end of the phrase of the bond or Be aware, as applicable, by the repayment on the exceptional principal; or
, That these types of refinancing shall be based on the Secretary for being needed so that you can furnish and make improvements to telephone provider in rural parts: And delivered even further
Only persons who will be around the age of the vast majority and who will type lawfully binding agreements may possibly use This web site.
§934. Approved fiscal transactions; interim notes; obtain of obligations for resale; sale of notes and certificates; liens
Skip to principal articles On account of enhancements to CommunityLoanServicing.com all borrowers will likely be needed to make a more info new account. Click the link for facts.
The discount amount applicable into the prepayment underneath this subsection of the personal loan or mortgage progress shall be the then recent cost of cash on the Section in the Treasury for obligations of equivalent maturity for the remaining time period on the loan.
Electricity era, transmission, and distribution services efficiency grants and loans in rural communities with incredibly higher Vitality expenses.
The Secretary may make use of the cash appropriated to get a grant below this subchapter for the price (as defined by area 661a of title two) of giving support under paragraph (two).
All proceeds from the repayment of this sort of loans manufactured less than this portion shall be returned to the subaccount that the Secretary shall preserve in accordance with sections 940c(b)(2) and 940c–2(file) of the title.
To the well timed ask for of the lender, the final Counsel of the Department of Agriculture shall offer the Secretary using an impression concerning the validity and authority of a promise issued to your lender less than this portion.
§6201(8), additional subsec. (i) and struck out former subsec. (i). Previous to Modification, textual content read as follows: "Notwithstanding some other provision of the chapter, the proceeds of any financial loan built or assured because of the Secretary beneath this chapter may be utilized by the recipient with the loan for the purpose of refinancing an outstanding obligation in the recipient on One more telecommunications financial loan built under this chapter if using the proceeds for that purpose will support the development, advancement, or acquisition of amenities and devices for that provision of broadband company in rural spots."