(B) the Secretary establishes that the proposed Center mile network will probably be able to supporting retail broadband company meeting the maximum broadband buildout prerequisite established beneath area 950bb(e)(four) of the title for the people in the proposed company territory.
Loans constructed from or insured with the fund shall be for a similar purposes and on precisely the same stipulations as are provided for loans in subchapters I and II of this chapter except as or else provided in sections 933 to 938 inclusive.
(four) any outreach activities completed by the Secretary to encourage entities in rural spots without broadband assistance to submit purposes less than this chapter;
In the amounts delivered to an qualified entity beneath a grant below This system, the eligible entity shall use to execute paragraph (1)(B) not higher compared to the lesser of—
§926. Selected rural development investments by competent telephone borrowers not taken care of as dividends or distributions
If an applicant reveals that It will be Price tag prohibitive to fulfill the broadband buildout requirements established under this paragraph for the entirety of the proposed company territory a result of the exceptional features of your proposed company territory, the Secretary as well as applicant may perhaps comply with employ substitute expectations for just about any unserved portion of the project.
When it appears on the Secretary which the bank loan applicant is able to acquire a personal loan for Section of his credit history desires from the responsible cooperative or other credit score resource at affordable premiums and conditions in line with the financial loan applicant's power to spend along with the accomplishment of this chapter's objectives, he might request the personal loan applicant to submit an application for and acknowledge this type of bank loan concurrently having an insured personal loan, subject, even so, to complete use getting made by the Secretary from the money designed readily available hereunder for these types of insured loans under this subchapter.
(i) give the best priority to applications for jobs to provide broadband assistance to unserved rural communities that do not need any household broadband support of no less than—
(ii) for read more the interval amongst the day in the refinancing or prepayment and the main quarterly payment date that occurs 12 yrs once the finish in the yr by which the quantity remaining refinanced or pay as you go was Highly developed, the existing price of the distinction between—
If a Condition isn't going to produce a program in accordance with the necessities with the preceding sentence, the Secretary shall approve any telecommunications modernization strategy for the Condition that meets the necessities that is definitely designed by a bulk of the borrowers of telephone loans made underneath this subchapter who are located while in the Point out.
No borrower of resources underneath sections 904 or 922 of this title shall, with no approval from the Secretary, sell or eliminate its residence, legal rights, or franchises, obtained under the provisions of this chapter, till any personal loan attained from the Rural Electrification Administration, which includes all curiosity and costs, shall happen to be repaid.
A lender that gets a guarantee issued beneath this part with a bond or Take note shall spend a payment on the Secretary.
Subject to paragraph (2), for functions of this segment, the minimal satisfactory amount of broadband service for your rural space shall be a minimum of—
The Secretary shall, with regard to some retail broadband software for aid, which is exterior a region during which the applicant gets Federal common support aid—