The Fee shall seek the advice of With all the Secretary ahead of providing or delivering Hook up America Fund or Mobility Fund support under the Federal universal services help mechanisms proven below part 254 of title 47 to provide a region with respect to which One more entity has obtained broadband help beneath a bank loan or grant software on the Department of Agriculture.
(ii) has the authorized capacity and authority to enter right into a agreement, to comply with applicable Federal rules, also to have and work broadband facilities, as proposed in the application submitted by the entity for your grant less than the Program.
§6104, amended part frequently. Ahead of Modification, textual content read through as follows: "As utilized in this chapter the expression 'rural area', except as offered in section 924(b) of this title, shall be considered to necessarily mean any region of The us not provided in the boundaries of any urban region, as defined through the Bureau on the Census, and such term shall be deemed to include both of those the farm and nonfarm inhabitants thereof; the phrase 'farm' shall be considered to necessarily mean a farm as defined from the publications with the Bureau of your Census; the time period 'particular person' shall be considered to necessarily mean any organic individual, organization, Company, or association; the expression 'Territory' shall be considered to incorporate any insular possession of The usa; as well as phrase 'Secretary' shall be considered to suggest the Secretary of Agriculture."
During this section, the time period "cybersecurity and grid protection improvements" means investment in the development, expansion, and modernization of rural utility infrastructure that addresses recognised cybersecurity and grid safety challenges.
Notwithstanding subsection (a), a immediate or insured mortgage might be pay as you go by an electric borrower at the lesser with the remarkable principal stability thanks thereon or even the existing worth thereof discounted from the experience benefit at maturity at the rate set from the Secretary When the borrower is surely an electrical organization which resulted from a merger or consolidation in between a borrower and a company which, before Oct 1, 1987, prepaid its immediate or insured loans pursuant to this section. Prepayments by a borrower hereunder shall be created not afterwards than 1 12 months following the powerful day from the merger, consolidation, or other transaction.
Any amounts in the reserve recognized for any State for just a fiscal yr under subparagraph (B) that aren't obligated by April 1 of your fiscal year shall be accessible to the Secretary to generate loans and mortgage assures below this portion to qualified entities in almost any State, as based on the Secretary.
On request of any applicant for the bank loan below this paragraph in the course of any fiscal calendar year, the Secretary shall—
(D) Leverage assistance technologies and solutions from on-line platforms for providers of broadband service 922 loans in rural locations.
The Secretary shall evaluation the bonding requirements for all courses administered by The agricultural Utilities Company less than this chapter to ensure that bonds are certainly not expected if—
(B) In the situation of deferments designed to allow the borrower to supply Neighborhood improvement assistance, specialized support to organizations, and for other community, company, or financial enhancement jobs not involved below subparagraph (A), the deferment shall be repaid in equivalent installments, without the accrual of desire, more than the one hundred twenty-thirty day period time period commencing on the day from the deferment, and the overall level of this sort of payments shall be equivalent to the quantity of the payment deferred.
(B) a certification from an unbiased certified engineer concluding, on The idea of a thorough engineering analysis satisfactory to the Secretary, which the valuable life of the creating plant or transmission line pledged as collateral extends to or past The brand new closing maturity date remaining requested from the borrower.
If a borrower as well as Secretary have entered into an arrangement with regard to your prepayment happening just before October 21, 1992, this paragraph shall supersede any provision from the agreement concerning the restoration of eligibility for loans beneath this chapter.
" for "techniques; to create, or cause to generally be built, experiments, investigations, and stories concerning the ailment and progress of the electrification of plus the furnishing of ample phone provider in rural locations during the numerous States and Territories; also to publish and disseminate details with respect thereto."
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