An Unbiased View of 922 loans
An Unbiased View of 922 loans
Blog Article
regarding prepayment of loans had been established out as being a Be aware under portion 936 of the title and had been repealed by
Should the polices usually are not issued by January 1, 1994, the Secretary shall consider any demand aspect management, Power conservation, or renewable energy plan, system, or exercise that is definitely permitted by a State company for being suitable to the loans."
inserted "particular" in advance of "electric" in segment catchline and amended textual content normally. Prior to Modification, textual content study as follows: "The Administrator might not have to have prior acceptance of, impose any requirement, restriction, or prohibition with respect on the functions of, or deny or hold off the granting of the lien accommodation to, any electric borrower beneath this chapter whose net worth exceeds 110 % on the superb principal balance on all loans created or certain to the borrower with the Administrator."
The Secretary shall, with the consent with the lender, framework the timetable for payment of your rate to make certain that ample cash are offered to pay for the subsidy fees for Be aware or bond assures as provided for in subsection (e)(two).
If, not later than one 12 months immediately after remaining laws are promulgated to execute this paragraph, any Condition, either by statute or in the general public utility commission in the State, develops a telecommunications modernization plan that satisfies the requirements of subparagraph (B), the Secretary shall approve the program for your Point out.
(1) the quantity of purposes obtained and approved, such as any Exclusive mortgage phrases or conditions for which the Secretary offered more assistance to unserved places;
The Secretary is authorized and empowered to increase some time of payment of curiosity or principal of any loans created by the Secretary pursuant to this chapter, except that, with respect to any personal loan built underneath segment 904 or 922 of this title, the payment of curiosity or principal shall not be prolonged more than five years soon after these kinds of payment shall have grown to be thanks.
(B) any demanded services required to supply that eligible broadband company to every residential and business shopper in this sort of proposed eligible assistance spot; and
The Secretary of Agriculture (referred to in this chapter given that the "Secretary") is approved and empowered to create loans, or refinance loans made or certain through the Secretary under this chapter, during the various States and Territories of The usa for rural electrification and for the goal of furnishing and improving upon electrical and phone provider in rural locations, as delivered In this particular chapter, and for the purpose of aiding electric powered borrowers to put into action demand from customers side administration, Power performance and conservation plans, and on-grid and off-grid renewable energy devices.
inserted prior to period of time at end "; along with the time period 'Secretary' shall be deemed to suggest the Secretary of Agriculture".
Issue to subsection (b), the Secretary shall ensure payments on bonds or notes issued by cooperative or other lenders organized on the not-for-financial gain foundation, When the proceeds with the bonds or notes are utilized to make utility infrastructure loans, or refinance bonds or notes issued for people reasons, to some borrower which has Anytime gained, or is suitable to acquire, a loan below this chapter.
A borrower of a mortgage produced by the Federal Funding Financial institution and guaranteed under portion 936 of this title could, at the choice with the borrower, refinance or website prepay the personal loan or an progress about the mortgage, or any portion of the financial loan or advance.
The Secretary shall make insured electric powered loans, on the extent of qualifying programs to the loans, at an curiosity fee of 5 percent per year to any applicant for the loan who satisfies Every of the subsequent needs:
Particular rural improvement investments by certified phone borrowers not dealt with as dividends or distributions.