For the request of your borrower, the Secretary is licensed and directed to refinance with loans which is able to be insured less than this chapter on the desire prices delivered in section 935 of the title any loans designed for rural electrical and phone facilities beneath any provision on the Consolidated Farm and Rural Development Act [seven U.S.C. 1921 et seq.].
The Secretary may well deny the ask for of a lender with the warranty of the bond or Observe below this area If your Secretary establishes that—
This chapter shall be administered fully on the nonpartisan basis, and in the appointment of officials, the choice of staff, and within the advertising of any this sort of officers or workers, no political exam or qualification shall be permitted or provided thing to consider, but all this sort of appointments and promotions shall be provided and produced on The premise of merit and effectiveness.
For functions of analyzing whether or not to supply guidance for a undertaking beneath this part, the Secretary shall use conditions which are technologically neutral.
If, not afterwards than one 12 months soon after ultimate rules are promulgated to carry out this paragraph, any State, possibly by statute or throughout the public utility Fee on the State, develops a telecommunications modernization plan that satisfies the requirements of subparagraph (B), the Secretary shall approve the program for your Point out.
(B) with respect to other goods, the typical with the depreciation prices utilized by borrowers of phone loans made beneath this chapter;
On request of any applicant for just a financial loan beneath this paragraph in the course of any fiscal year, the Secretary shall—
The Secretary may not have to have an entity that proposes to have a subscriber projection of fewer than 20 per cent of your broadband assistance industry inside of a rural location to post towards the Secretary a sector survey.
To get eligible to receive a grant less than the Program, an qualified entity shall submit towards the Secretary an application at this sort of time, in this kind of fashion, and that contains this kind of information given that the Secretary could need.
(A) evidence satisfactory for the Secretary that a here Federal or Condition company with jurisdiction and know-how has produced an official dedication, for instance via a licensing continuing, extending the practical lifetime of a generating plant or transmission line pledged as collateral to or beyond the new last maturity date getting requested through the borrower, or
For the goal of relieving borrowers of unwanted and burdensome prerequisites, the Secretary, guided via the practices of personal lenders with regard to equivalent credit rating risks, shall problem rules, relevant to any electric borrower beneath this chapter whose net worthy of exceeds 110 % of your exceptional principal equilibrium on all loans produced or certain to the borrower via the Secretary, to minimize Individuals acceptance legal rights, requirements, limitations, and prohibitions the Secretary usually may set up with respect on the functions of this kind of borrower.
(1) determining Just about every concluded software for the telephone financial loan below section 935 of the title or maybe a assurance of a phone financial loan beneath segment 936 of the title which has not been lastly acted on in ninety days once the date the finished application is submitted; and
§ 926. Selected rural enhancement investments by skilled phone borrowers not dealt with as dividends or distributions
In addition to every other funds or authorities if not made readily available beneath this chapter, the Secretary may perhaps make electric loans less than this subchapter for electric technology from renewable energy assets for resale to rural and nonrural citizens.