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(ii) The common residential revenue per kilowatt-hour offered by the applicant will not be under one hundred twenty percent of the typical household earnings for every kilowatt-hour sold by all utilities while in the Point out by which the applicant supplies company.

(2)(A) In the case of deferments designed to allow the borrower to provide financing to local enterprises, the deferment shall be repaid in equivalent installments, without the accrual of fascination, around the sixty-thirty day period period starting on the date of the deferment, and the total quantity of such payments shall be equal to the amount of the payment deferred.

(four) any outreach actions completed with the Secretary to motivate entities in rural locations with out broadband service to post programs under this chapter;

The Secretary may possibly involve an entity to provide a cost share within an quantity not to exceed 10 p.c of the level of the grant, personal loan, or loan guarantee requested in the applying of the entity, unless the Secretary decides that a better percentage is required for financial feasibility.

The Secretary shall take into account the present recurring revenues of your entity at the time of application in deciding an suitable volume of credit history assistance.

(II) the payment amounts that might be expected throughout the interval about the quantities staying refinanced or pay as you go Should the interest rate around the mortgage have been equal on the then present-day expense of cash for the Division in the Treasury for obligations of comparable maturity for the bank loan currently being refinanced or prepaid.

§922. Loans for phone assistance Segment Textual content From these kinds of sums as are on occasion designed obtainable from the Congress into the Secretary for these kinds of objective, pursuant to portion 903 of this title, the Secretary is approved and empowered to create loans to people now supplying or who may well hereafter offer telephone company in rural places, to general public bodies now providing telephone assistance in rural spots and to cooperative, nonprofit, minimal dividend, or mutual associations.

approved assignment of confirmed loans and get more info their similar ensures and inserted "in the beginning" in advance of "created, held, and serviced" in provision defining guaranteed loans as that phrase is used With this subchapter.

(D) At some time of the deferment, the borrower shall make a payment to a cushion of credit account set up and taken care of pursuant to area 940c of this title in an sum equal to the amount of the payment deferred. The balance of this sort of account shall not be lowered with the borrower under the level from the unpaid balance of the payment deferred.

(B) reviewing every other supply which is suitable to assistance info validation, as based on the Secretary; and

Topic to subsection (b), the Secretary shall warranty payments on bonds or notes issued by cooperative or other lenders organized on the not-for-gain basis, In case the proceeds of your bonds or notes are used to make utility infrastructure loans, or refinance bonds or notes issued for anyone applications, to some borrower which has at any time gained, or is suitable to receive, a mortgage beneath this chapter.

(ii) in the case of a guaranteed bank loan, The existing applicable market place amount for any bank loan of similar maturity; and

(one) in assessing the feasibility of the telephone personal loan to generally be produced into a borrower for telephone services, use—

In addition to some other funds or authorities or else made offered below this chapter, the Secretary may make electrical loans underneath this subchapter for electric powered technology from renewable Electricity resources for resale to rural and nonrural inhabitants.