(D) the estimated number and proportion of support points in the proposed service territory with no mounted broadband assistance, no matter whether terrestrial or wireless;
The Secretary shall make grants, shall make loans, and shall assure loans to eligible entities described in subsection (d) to deliver cash for the construction, enhancement, or acquisition of amenities and products for that provision of broadband provider in rural regions.
(ii) When the applicant is qualified for a bank loan, create a mortgage on the applicant underneath this paragraph within an volume equivalent to the amount that bears exactly the same ratio to the total level of loans for which the applicant is eligible underneath this paragraph, as the quantity built available for loans underneath this paragraph to the fiscal calendar year bears to the overall sum made available for loans less than this paragraph for the fiscal 12 months.
The Secretary of Agriculture is licensed to purchase such monetary and credit reports as may very well be essential to execute the Secretary's licensed operate: Offered, That purchases under this authority shall not be built Unless of course provision is built therefor during the relevant appropriation and the associated fee thereof isn't in excessive of limitations prescribed therein.
, That these kinds of refinancing shall be based on the Secretary being required so that you can furnish and make improvements to phone support in rural parts: And presented more
(A) the duplication of any present eligible broadband services supplied by A further entity inside the eligible service region; or
The Secretary is authorized and empowered to increase some time of payment of curiosity or principal of any loans made by the Secretary pursuant to this chapter, other than that, with respect to any bank loan created under segment 904 or 922 of the title, the payment of curiosity or principal shall not be prolonged a lot more than 5 years immediately after these kinds of payment shall have become owing.
Any deal of insurance policies or ensure executed with the Secretary underneath this subchapter shall be an obligation supported by the entire religion and credit score of The usa and incontestable except for fraud or misrepresentation of which the holder had actual understanding at the time it became a holder.
To get eligible to get a grant beneath the Program, an suitable entity shall post towards the Secretary an software at this sort of time, in such fashion, and that contains such info as the Secretary may perhaps call for.
On ask for of any applicant who's eligible for the bank loan less than this paragraph for which money are usually not out there, the applicant shall be regarded to own utilized for any mortgage below subchapter IV.
"(A) notify the Administrator in producing, in just 30 days once the issuance of polices to execute this part, on the intent on the borrower to prepay; and
, The Secretary, in producing these kinds of loans, shall give desire to persons offering phone support in rural areas, to community bodies now supplying phone service in rural regions, and to cooperative, nonprofit, restricted dividend, or mutual associations. The Secretary in making these loans shall, insofar as you possibly can, get hold of assurance that the telephone provider being furnished or enhanced thereby is going to be made available to the widest functional range of rural customers. When it is set via the Secretary to become needed in order to furnish or improve telephone services in rural places, these types of loans might be manufactured for the development, growth, development, acquisition, and Procedure of telephone lines, facilities, or techniques devoid of regard for their geographical site.
" for "techniques; to produce, or trigger to generally be designed, reports, investigations, and reviews in regards to the problem and development in the electrification of and also the furnishing of suitable telephone company in rural parts during the many States and Territories; also to publish and disseminate data with regard thereto."
If the center mile infrastructure wouldn't give adequate safety as a consequence of prolonged-term leasing arrangements, the Secretary shall have to have substitute security in this sort of variety and substance as are read more satisfactory for the Secretary.