922 loans - An Overview
922 loans - An Overview
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(iii) The normal per capita earnings of the residents obtaining electric powered services with the applicant is less than the average for every capita revenue from the residents with the Condition through which the applicant presents assistance, or the median household profits with the homes obtaining electric powered support through the applicant is fewer than the median home profits of the homes while in the Point out.
When identifying populace density below this section, the Secretary shall prescribe a calculation strategy which—
An eligible entity that gets a grant below This system shall use the grant to execute a undertaking that—
(3) deny a bank loan or advance to, or take any other adverse motion from, an applicant for, or maybe a borrower of, a telephone mortgage less than this chapter for almost any explanation that is not based upon a rule, regulation, bulletin, or other written policy common which has not been printed pursuant to section 553 of title five.
Provisions which licensed the appointment and repairing of compensation of Lawyers, engineers, and experts "without having regard on the provisions with the civil provider legislation applicable to officers and staff of The us" had been omitted from your Code as obsolete and superseded. This kind of appointments are now issue to your civil assistance guidelines Unless of course specifically excepted by those guidelines or by legislation enacted subsequent to Executive Get 8743, Apr. 23, 1941, issued with the President pursuant to act Nov.
(V) that supply swift and expanded deployment of preset and mobile broadband on cropland and ranchland in a assistance territory to be used in various applications of precision agriculture; and
Extensions beneath this part shall not be granted In the event the principal more info harmony prolonged exceeds the appraised worth of the building plant or transmission line referred to in subsection paragraph (two).
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The Secretary might not need any applicant for just a bank loan made beneath this subsection that's eligible for your loan underneath paragraph (one) to obtain a bank loan from another supply for a situation of approving the appliance with the loan or advancing any volume underneath the loan.
(II) Should the applicant with the personal loan makes an election pursuant to subparagraph (D) to incorporate in the loan settlement the right of your applicant to prepay the personal loan, a amount equivalent to the amount by which—
” in 2nd sentence and “and that no duplication” for “, nor shall these types of mortgage be designed in almost any Point out which now has or might hereafter Use a Point out regulatory body possessing authority to manage telephone provider also to involve certificates of convenience and necessity towards the applicant Except if these certification from these company is first received. Inside of a Point out in which there is absolutely no these agency or regulatory human body legally authorized to issue this kind of certificates to the applicant, no loan shall be made under this portion Until the Secretary shall ascertain (and set forth his causes therefor in creating) that no duplication” in last sentence.
No house loan origination solicitation action or bank loan origination programs for Homes located in the State of Big apple is usually facilitated as a result of This great site.
A borrower that receives an extension less than this portion shall spend a fee to the Secretary which shall be credited to the Rural Electrification and Telecommunications Loans Software account. These types of costs shall stay out there without the need of fiscal 12 months limitation to pay for the modification expenditures for extensions.
The Secretary could enter into these kinds of contracts, grants, or cooperative agreements as are required to perform this segment.