The Fee shall check with Using the Secretary in advance of giving or providing Link America Fund or Mobility Fund help underneath the Federal universal service guidance mechanisms set up less than area 254 of title forty seven to serve a location with respect to which One more entity has received broadband support under a financial loan or grant plan from the Division of Agriculture.
The Secretary may deny the ask for of the lender for your promise of the bond or Observe below this part When the Secretary establishes that—
(bb) the desire amount on commercial loans for that time period that don't manage the borrower such a suitable.
Money obtained from the borrower to pay the rate explained With this area shall not be derived from the bank loan or other financial debt obligation that may be manufactured or guaranteed via the Federal Govt.
For a problem of acquiring help below area 950bb of this title, a receiver of support shall deliver to your Secretary full, responsible, and exact geolocation info that signifies The situation of recent broadband assistance which is being presented or upgraded within the support territory supported because of the grant, mortgage, or mortgage promise not afterwards than 30 times soon after the sooner of—
We had been unable to instantly get your approximate area, so we'll have to have you to deliver your postal code that will help us discover the closest shop to you.
The Secretary is licensed, from sums appropriated pursuant to section 906 of the title, for making this kind of expenses (including expenditures for private expert services; supplies and tools; lawbooks and textbooks of reference; directories and periodicals; vacation costs; rental with the seat of presidency and somewhere else; the acquisition, Procedure, or routine maintenance of passenger-carrying motor vehicles; and printing and binding) as are appropriate and essential to execute the provisions of the chapter.
(D) Leverage assistance technologies and expert services from on line platforms for website suppliers of broadband assistance in rural places.
(three) the borrower certifies that any price savings from these prepayment might be handed on to its shoppers or accustomed to improve the fiscal toughness in the borrower in instances of monetary hardship.
(II) If your applicant for that loan can make an election pursuant to subparagraph (D) to include from the financial loan arrangement the correct of your applicant to prepay the personal loan, a level equivalent to the amount by which—
No borrower of funds less than sections 904 or 922 of this title shall, without the approval of your Secretary, provide or get rid of its residence, legal rights, or franchises, obtained underneath the provisions of this chapter, until eventually any bank loan acquired from The agricultural Electrification Administration, including all desire and rates, shall are actually repaid.
The proceeds of guidance delivered under this section could possibly be utilized to perform a job inside of a proposed company territory provided that, as from the date the application for assistance under this section is submitted, There's not sufficient middle mile infrastructure available to help broadband support for eligible rural communities that would be delivered usage of the center mile infrastructure.
Any element of the location could possibly be modified, supplemented, deleted or current by us with or suddenly at our sole discretion.
The Secretary may well not request any applicant for an electric financial loan less than this chapter to apply for and take a financial loan in an sum exceeding thirty per cent in the credit rating needs on the applicant.