Not known Details About 922 loans
Not known Details About 922 loans
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(ii) The normal household profits for every kilowatt-hour offered because of the applicant will not be lower than 120 per cent of the normal household income per kilowatt-hour marketed by all utilities from the Condition where the applicant gives assistance.
(bb) the typical for every capita cash flow with the people getting electric powered company with the applicant is a lot less than the normal per capita profits from the people in the Point out in which the applicant delivers assistance, or maybe the median domestic profits from the homes getting electric powered services through the applicant is less than the median home profits of your homes in the Point out.
This chapter shall be administered totally over a nonpartisan basis, and during the appointment of officers, the choice of employees, and from the marketing of any this kind of officers or workforce, no political take a look at or qualification shall be permitted or supplied consideration, but all these appointments and promotions shall be presented and created on the basis of merit and performance.
Subject matter to constraints set up in once-a-year appropriations Functions, this kind of cushion of credit history amounts and any other cushion of credit rating and progress payments of any borrower shall be included in the fascination differential calculation below portion 940c(b)(two) of this title.
S.C. 901 et seq.], and that this kind of rural electrical and telephone programs need to be inspired and assisted to develop their resources and skill to achieve the economic power needed to allow them to satisfy their credit needs from their unique money businesses together with other resources at acceptable premiums and phrases per the bank loan applicant's capability to spend and accomplishment of your Act's aims.
The rate of the mortgage less than this part shall be equivalent to the common tax-exempt municipal bond level of comparable maturities.
(aa) the interest charge on business loans for the same period of time that afford the borrower such a appropriate; exceeds
(I) the expense of borrowing into the Department on the Treasury for obligations of equivalent maturity; or
(ii) allocate quantities within the reserve to every State for every fiscal year for loans and personal loan ensures to suitable entities while in the Point out.
(ii) the volume of quarterly payment dates amongst the very first quarterly payment day that happens read more 12 decades after the close in the calendar year by which the quantity being refinanced was State-of-the-art and also the maturity date of your mortgage advance; and
(A) that describes a venture created to lower the price of broadband deployment, and considerably enhance broadband pace to not lower than the maximum one broadband buildout requirements established less than portion 950bb(e)(4) of the title, inside of a rural spot to get served because of the job; and
(iv) The normal variety of subscribers per mile of line in the region A part of the proposed mortgage isn't greater than seventeen.
§ 926. Specified rural progress investments by skilled phone borrowers not taken care of as dividends or distributions
When giving a grant beneath this subchapter, the Secretary, at the sole discretion of the Secretary, may perhaps make—