associated with prepayment of loans were set out as a Notice beneath area 936 of the title and have been repealed by
(1) A borrower won't qualify for prepayment beneath this part if, in the viewpoint on the Secretary of your Treasury, to prepay in such borrower's situation would adversely have an impact on the Procedure from the Federal Financing Lender.
The choice presented below paragraph (one) shall not be obtainable in the situation of any loan or mortgage advance, or part thereof, Except a composed ask for to physical exercise this kind of choice is sent towards the Secretary not later than 1 calendar year after the productive date of rules issued to execute The agricultural Electrification Mortgage Restructuring Act of 1993.
With the amounts supplied to an suitable entity underneath a grant beneath the Program, the suitable entity shall use to perform paragraph (one)(B) not bigger compared to lesser of—
(A) Harmonize broadband notification and reporting prerequisites and acquire typical verification strategies across all federally supported broadband courses.
Provisions comparable to Those people During this part ended up contained in the following prior appropriation act:
(I) connecting, assisting with connecting, or enabling the connection of retail broadband programs that serve rural locations within the proposed assistance territory to the middle mile infrastructure job in A cost-effective and economically competitive method;
Amounts in Each and every cushion of credit score account shall accrue fascination into the borrower in a level of five p.c for every annum.
A borrower that has prepaid an insured or immediate financial loan shall continue being qualified for help below this chapter in the identical method as other borrowers, except that—
Electricity era, transmission, and distribution facilities efficiency grants and loans in rural communities with extremely superior Electricity expenditures.
Except as delivered in subparagraph (D), the Secretary might not create a loan beneath this paragraph to an applicant for the purpose of furnishing or improving upon electrical services to the shopper located in an city region (as outlined by the Bureau of the Census) if the common number of consumers for each mile of line of the overall electrical program of the applicant exceeds 17.
, That the Secretary, in earning these loans, shall give preference to people offering phone provider in rural areas, to community website bodies now supplying phone services in rural parts, and to cooperative, nonprofit, minimal dividend, or mutual associations. The Secretary in creating these types of loans shall, insofar as you can, attain assurance that the telephone provider to be furnished or improved therefore will be manufactured accessible to the widest sensible quantity of rural people. When it is determined with the Secretary to generally be essential so as to furnish or improve telephone support in rural parts, such loans could possibly be built for the advance, enlargement, construction, acquisition, and Procedure of phone strains, amenities, or systems with out regard to their geographical place.
The Secretary shall make insured electric loans, into the extent of qualifying apps to the loans, at an curiosity level of five per cent annually to any applicant to get a loan who satisfies Just about every of the next requirements:
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