For the goal of administering this chapter and for the purpose of making the scientific studies, investigations, publications, and reviews herein provided for, You can find approved to get appropriated, from any income from the Treasury not or else appropriated, this sort of sums as shall be required.
(ii) escalating the excellent principal equilibrium with the financial loan advance assured through the Secretary that's getting refinanced below this part by the level of the penalty.
" in next sentence and "Which no duplication" for ", nor shall these kinds of loan be created in any Point out which now has or could hereafter Use a State regulatory body getting authority to manage phone company and also to need certificates of comfort and necessity to the applicant Until such certificate from this sort of agency is initial received. In a very Point out through which there is no these kinds of agency or regulatory physique legally licensed to concern such certificates to the applicant, no loan shall be designed less than this segment Except if the Secretary shall decide (and set forth his reasons therefor in crafting) that no duplication" in very last sentence.
(ii) in periodic installments of interest and, at the end of the term from the bond or Take note, as relevant, through the repayment of the remarkable principal; or
(II)(aa) the normal income for every kilowatt-hour offered from the applicant is over the typical profits for every kilowatt-hour offered by all utilities in the Condition by which the applicant presents provider; and
Any quantities inside the reserve established for your State for just a fiscal yr less than subparagraph (B) that are not obligated by April one of the fiscal yr shall be accessible to the Secretary to produce loans and personal loan guarantees underneath this section to qualified entities in almost any State, as determined by the Secretary.
(I) connecting, aiding with connecting, or enabling the relationship of retail broadband devices that provide rural locations in the proposed support territory to the center mile infrastructure task in A reasonable and economically aggressive manner;
(i) a borrower that has prepaid a loan, either just before or soon after Oct 21, 1992, at a reduction fee as supplied by paragraph (3), shall not be qualified, besides with the discretion on the Secretary, to make an application for or get direct or insured loans below this chapter through the 120-month interval starting about the day from the prepayment; and
(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 price equivalent to the typical once-a-year price of borrowing from the Section in the Treasury.
substituted provisions establishing an fascination level at 5 for each centum for each annum in addition to a reduced amount, although not lower than 2 for each cent, beneath the enumerated standards, for provisions creating standard and Particular premiums, with special prices applicable below enumerated requirements.
Not fewer than 3 although not greater than five p.c of system amount amounts offered pursuant to quantities appropriated to execute subchapter VI shall be set aside to be used for—
The time period "broadband buildout prerequisite" signifies the extent of Net provider an applicant getting assistance less than this section ought to agree, at the time the applying is finalized, to supply for the period of any task-similar arrangement among the applicant and also the Office.
In the case of the financial loan Sophisticated under an settlement that permits the refinancing or prepayment of the financial loan advance according to the payment of 1 calendar year of curiosity on the superb principal stability of your get more info bank loan advance, a borrower may possibly, in lieu from the penalty expected by paragraph (1)(A), shell out a penalty as provided by—
The Secretary may well not ask for any applicant for an electric personal loan underneath this chapter to submit an application for and accept a bank loan within an volume exceeding thirty p.c from the credit requirements with the applicant.