An Unbiased View of 922 loans

An Unbiased View of 922 loans

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For the goal of administering this chapter and for the objective of earning the scientific studies, investigations, publications, and experiences herein presented for, There's approved to be appropriated, away from any money from the Treasury not normally appropriated, these kinds of sums as shall be important.

When the rules aren't issued by January one, 1994, the Secretary shall take into consideration any demand side administration, Strength conservation, or renewable Electricity method, program, or action which is accepted by a Condition agency being qualified for that loans."

(ii) When the applicant is suitable for any mortgage, make a personal loan to your applicant beneath this paragraph in an sum equivalent to the amount that bears precisely the same ratio to the whole quantity of loans for which the applicant is suitable beneath this paragraph, as the quantity manufactured available for loans underneath this paragraph for your fiscal 12 months bears to the entire quantity created obtainable for loans below this paragraph for the fiscal yr.

On this part, the time period "cybersecurity and grid protection improvements" means investment in the event, expansion, and modernization of rural utility infrastructure that addresses regarded cybersecurity and grid safety risks.

§926. Certain rural advancement investments by competent phone borrowers not dealt with as dividends or distributions

The Secretary shall not build requirements for bandwidth or speed that have the result of precluding the usage of evolving systems suitable for rural spots.

As a way to execute the provisions of this chapter the Secretary could acknowledge and utilize these voluntary and uncompensated solutions of Federal, Condition, and native officers and workforce as are available, and he may possibly appoint and take care of the compensation of Lawyers, engineers, and specialists and he might, issue for the civil-service laws, appoint this kind of other officers and staff members as he may possibly come across needed and prescribe their duties.

Together with hardship loans that are made underneath subparagraphs (A) and (B), the Secretary shall make insured electric powered loans, on the extent of qualifying programs with the loans, at an fascination price of five percent per annum to any applicant for the mortgage whose household revenue exceeds fifteen.

The Secretary shall evaluation the bonding specifications for all programs administered by The agricultural Utilities Provider below this chapter to make certain that get more info bonds usually are not needed if—

inserted in advance of period at conclude "; and the phrase 'Secretary' shall be considered to mean the Secretary of Agriculture".

Any substitute assistance standards need to continue on to consider the greatest technology available to satisfy the demands with the people in the unserved region.

A borrower of the personal loan created by the Federal Financing Bank and confirmed underneath area 936 of this title may perhaps, at the option from the borrower, refinance or prepay the loan or an progress about the bank loan, or any portion of the personal loan or advance.

§ 926. Particular rural advancement investments by competent telephone borrowers not handled as dividends or distributions

The Secretary may perhaps enter into these types of contracts, grants, or cooperative agreements as are needed to perform this section.