(1) rescind an insured telephone financial loan made beneath this chapter without the consent in the borrower, Until the entire purposes for which phone loans are already designed towards the borrower under this chapter are achieved with funds offered less than this chapter;
If the polices aren't issued by January one, 1994, the Secretary shall think about any demand facet management, Power conservation, or renewable energy program, procedure, or exercise that is certainly accepted by a Point out agency to be qualified to the loans."
In awarding assistance less than this segment, the Secretary shall give precedence to proposals for projects that—
The Secretary may not create a payment support financial loan under paragraph (2)(B) to an entity getting a grant beneath this portion which is also the recipient of a bank loan underneath subchapter I or II that may be related to these grant.
On ask for of any applicant who is qualified for a bank loan less than this paragraph for which funds are usually not obtainable, the applicant shall be considered to possess applied for your personal loan ensure underneath portion 936 of the title.
Only individuals that are about the age of majority and who will variety legally binding agreements could use This great site.
For electrification baseload generation personal loan ensures, the Secretary shall, on the request with the borrower, cost an upfront payment to go over the costs of the personal loan assurance.
Yearly, the Secretary shall submit on the Congress a report that describes the extent of participation within here the broadband aid plans administered via the Secretary to the previous fiscal year, like an outline of—
To become suitable to get a grant beneath the Program, an suitable entity shall post on the Secretary an application at this sort of time, in this sort of manner, and made up of these data since the Secretary may well involve.
(2) present grants only to those tasks which provide rural areas exactly where populace density or geographic features make it infeasible to construct Center mile broadband methods with no grant guidance.
Other than as offered in paragraph (2), a immediate or insured bank loan manufactured beneath this chapter shall not be offered or pay as you go at a price which is lower than the outstanding principal harmony over the loan.
The Secretary is authorized and empowered to bid for and buy at any foreclosure or other sale, or normally to obtain, assets pledged or mortgaged to safe any mortgage made pursuant to this chapter; to pay for the purchase rate and any charges and expenditures incurred in relationship therewith with the sums authorized in part 903 of this title; to just accept title to any home so purchased or acquired in the title of America of The united states; to work or lease these kinds of property for these kinds of period as could possibly be considered required or highly recommended to protect the financial investment therein, but not to exceed five years following the acquisition thereof; also to sell these kinds of assets so bought or acquired, upon these conditions and for this kind of thought given that the Secretary shall determine for being acceptable.
Pub. L. 115–334, § 6211, substituted “furnishing telephone company in rural regions, including indebtedness of recipients on A different telecommunications loan designed under this chapter.” for “furnishing telephone company in rural places: Furnished, That this kind of refinancing shall be determined by the Secretary being essential in an effort to furnish and improve telephone support in rural spots: And provided more, That these refinancing shall represent not more than 40 per centum of any mortgage created underneath this subchapter.”
The Secretary may well enter into these types of contracts, grants, or cooperative agreements as are important to perform this segment.