If any provision of the chapter, or the applying thereof to any person or conditions, is held invalid, the rest from the chapter and the application of this kind of provision to other people or circumstances shall not be impacted thereby.
(bb) the normal for each capita money with the residents acquiring electric services within the applicant is fewer than the standard for each capita revenue of the inhabitants in the State where the applicant gives services, or maybe the median household cash flow from the households acquiring electric assistance in the applicant is a lot less than the median family profits in the households inside the Point out.
The option delivered below paragraph (one) shall not be offered in the situation of any loan or loan advance, or portion thereof, Until a written request to exercise these kinds of possibility is shipped on the Secretary not later on than 1 12 months after the powerful day of polices issued to carry out the Rural Electrification Bank loan Restructuring Act of 1993.
substituted provisions placing out the liabilities of the Rural Electrification and Phone Revolving Fund as well as allowable needs for which fund assets shall be out there, for provisions, which the monies in the rural telephone account should continue being on deposit in the Treasury of The usa till disbursed.
An qualified entity that provides telecommunications or broadband assistance to not less than 20 p.c of your households in The us may not acquire an degree of resources beneath this segment to get a fiscal calendar year in extra of fifteen per cent from the cash authorized and appropriated under subsection (j) for that fiscal yr.
S.C. 901 et seq.] to finance the acquisition of present technology, transmission and distribution programs and amenities serving high Price, predominantly rural areas by entities effective at and devoted to delivering or improving upon service in this sort of places in an effective and inexpensive method.
The borrower shall pay back the payment required beneath this section at time the prevailing guarantee is extended by generating a payment in the level of the needed price.
, That for your period of a single yr from and right after October 28, 1949, programs for loans gained via the Secretary from people who on October 28, 1949, are engaged inside the Procedure of current phone provider in rural spots shall be regarded as and acted upon just before motion is taken on any software obtained from every other person for any loan to finance the furnishing or improvement of phone assistance to significantly exactly the same subscribers." in read more next sentence and "Which no duplication" for ", nor shall this sort of bank loan be produced in any Condition which now has or may well hereafter Have a very State regulatory body obtaining authority to manage telephone assistance and also to have to have certificates of benefit and requirement towards the applicant Unless of course these kinds of certificate from these types of agency is very first attained.
(D) At enough time of the deferment, the borrower shall come up with a payment to a cushion of credit history account recognized and taken care of pursuant to area 940c of this title in an quantity equivalent to the quantity of the payment deferred. The harmony of this kind of account shall not be lowered by the borrower under the extent from the unpaid harmony of your payment deferred.
The notes on the Secretary to the Secretary in the Treasury to get cash for loans less than sections 904, 905,one and 922 of the title, and all other liabilities against the appropriations or property while in the fund in reference to electrification and phone personal loan functions shall be liabilities of the fund, and all other obligations towards this sort of appropriations or property while in the fund arising away from electrification and phone financial loan functions shall be obligations with the fund.
For the goal of relieving borrowers of unneeded and burdensome needs, the Secretary, guided from the tactics of private lenders with regard to related credit rating hazards, shall problem restrictions, applicable to any electric borrower beneath this chapter whose Web really worth exceeds one hundred ten per cent of the fantastic principal harmony on all loans created or guaranteed to the borrower by the Secretary, to minimize those approval legal rights, demands, limitations, and prohibitions which the Secretary usually may well establish with regard towards the operations of this kind of borrower.
If a borrower plus the Secretary have entered into an arrangement with regard to the prepayment occurring prior to October 21, 1992, this paragraph shall supersede any provision during the agreement associated with the restoration of eligibility for loans below this chapter.
A borrower that gets an extension under this part shall spend a cost towards the Secretary which shall be credited to The agricultural Electrification and Telecommunications Loans Plan account. These fees shall continue being accessible devoid of fiscal year limitation to pay the modification charges for extensions.
The Secretary might obligate, but not disperse, resources beneath this chapter ahead of the completion of otherwise needed environmental, historic, or other types of assessments When the Secretary determines that a subsequent web-site-certain evaluate shall be satisfactory and simply accomplished for the location of towers, poles, or other broadband services in the support space from the borrower devoid of compromising the project or even the essential reviews.