If any provision of the chapter, or the application thereof to any person or situation, is held invalid, the remainder from the chapter and the application of these types of provision to other persons or instances shall not be affected therefore.
The Secretary is approved and empowered, from your sums hereinbefore approved, to produce loans for rural electrification to persons, companies, States, Territories, and subdivisions and businesses thereof, municipalities, peoples' utility districts and cooperative, nonprofit, or constrained-dividend associations, organized underneath the laws of any Point out or Territory of The us, for the objective of financing the construction and Procedure of creating vegetation, electric transmission and distribution lines or systems with the furnishing and improving upon of electric powered provider to individuals in rural locations, such as by helping electric powered borrowers to employ need facet management, Power performance and conservation packages, and on-grid and off-grid renewable energy units, and loans, from money available underneath segment 903 of the title, to cooperative associations and municipalities for the goal of enabling reported cooperative associations, and municipalities to your extent that this sort of indebtedness was incurred with regard to electric transmission and distribution traces or units or portions thereof serving individuals in rural areas, to discharge or refinance very long-time period debts owed by them towards the Tennessee Valley Authority on account of loans built or credit score prolonged beneath the phrases of your Tennessee Valley Authority Act of 1933, as amended [16 U.
Other than as presented usually During this chapter, the expression "rural place" suggests the farm and nonfarm populace of—
Notwithstanding every other provision of the chapter, no prepayment high quality shall be imposed or collected with respect to that percentage of a bank loan that is definitely pay as you go by a borrower in accordance with subparagraph (B).
(two) Support the prolonged-phrase viability, sustainability, and utility of federally supported rural broadband infrastructure, by examining the technical capabilities in the systems currently available and reasonably expected for being readily available by 2035 to fulfill the broadband service requirements of rural citizens recognized beneath paragraph (1), like by examining the next:
(v) The plan will have to present for uniform deployment schedules to ensure that advanced expert services are deployed at the same time in rural and nonrural areas.
The Secretary is licensed and empowered to extend the time of payment of interest or principal of any loans created by the Secretary pursuant to this chapter, apart from that, with regard to any loan produced below portion 904 or 922 of this title, the payment of fascination or principal shall not be prolonged much more than five years immediately after these types of payment shall became owing.
, That to get a duration of a person 12 months from and immediately after October 28, 1949, applications for loans been given via the Secretary from people who on October 28, 1949, are engaged in the Procedure of existing phone provider in rural places shall be regarded as and acted on in advance of motion is taken on any software been given from every other man or woman for just about any loan to finance the furnishing or enhancement of telephone service to considerably precisely the same subscribers." in second sentence and "and that no duplication" for ", nor shall these kinds of mortgage be built in any State which now has or may perhaps hereafter Use a Condition regulatory system owning authority to manage telephone support and also to demand certificates of comfort and necessity to your applicant Except this sort of certificate from these company is to start with acquired.
For the purpose of determining the eligibility of the distribution borrower not in default here about the repayment of a personal loan manufactured or assured less than this chapter for the mortgage, personal loan promise, or lien accommodation below this subchapter, a default by a borrower from which the distribution borrower buys wholesale electrical power shall not—
The Secretary may perhaps demand any supplemental reporting and information by any recipient of any broadband aid below this chapter In order to be certain compliance with this particular part.
(i) The normal variety of subscribers per mile of line within the services area of your applicant will not be in excess of 15, or the applicant is able of producing Web cash flow or margins ahead of interest of not fewer than 100% (but not in excess of 500 p.c) on the interest necessities on every one of the excellent and proposed loans of your applicant.
S.C. 901 et seq.), and to increase the maturity date of any these types of financial loan to some day not past forty years within the date of such financial loan exactly where he establishes this sort of motion is critical due to impairment in the financial feasibility from the procedure, or even the reduction, destruction, or damage on the property of this sort of borrowers on account of a major disaster.
"(1) creating present day telecommunications technological know-how and services available in rural areas in the United States encourages financial development and increases the Standard of living in rural locations; and
§918a. Energy technology, transmission, and distribution services efficiency grants and loans in rural communities with extremely high energy prices