922 loans Options
922 loans Options
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The time period "suitable broadband company" usually means broadband assistance that has the potential to transmit information in a pace specified with the Secretary, which might not be less than the relevant bare minimum download and upload speeds recognized by the Federal Communications Commission in defining the time period "Highly developed telecommunications capability" for reasons of section 1302 of title 47.
The Secretary could deny the request of a lender for that assurance of the bond or Take note less than this portion In the event the Secretary decides that—
This chapter shall be administered fully over a nonpartisan basis, and in the appointment of officials, the choice of staff members, and during the promotion of any these kinds of officials or staff members, no political examination or qualification shall be permitted or provided consideration, but all these types of appointments and promotions shall be offered and created on the basis of merit and performance.
(ii) in periodic installments of curiosity and, at the conclusion of the time period on the bond or Take note, as applicable, by the repayment on the superb principal; or
Provisions which licensed the appointment and repairing of compensation of attorneys, engineers, and experts "with out regard for the provisions on the civil provider rules applicable to officers and staff of the United States" had been omitted in the Code as obsolete and superseded. This sort of appointments are actually matter to the civil company legal guidelines Unless of course specifically excepted by those laws or by guidelines enacted subsequent to Government Order 8743, Apr. 23, 1941, issued via the President pursuant to act Nov.
inserted provisions relating to loans created by Federal Financing Financial institution with respect to assures issued underneath this area, and substituted "an insured mortgage" for "a bank loan insured in the regular rate".
Not afterwards than one year following the day of enactment of the part and annually thereafter, the Secretary shall post to Congress a report that describes—
(I) the cost of borrowing for the Division in the Treasury for obligations of comparable maturity; or
The Secretary shall assessment the bonding needs for all programs administered by The agricultural Utilities Provider beneath this chapter making sure that bonds are certainly not expected if—
§6502, inserted area catchline and substituted "associations." for "associations: And delivered additional, That for a period of just one 12 months from and right after Oct 28, 1949, programs for loans gained through the Secretary from persons who on Oct 28, 1949, are engaged inside the click here operation of present phone support in rural spots shall be deemed and acted on prior to action is taken on any software received from some other human being for any bank loan to finance the furnishing or advancement of phone service to substantially the exact same subscribers.
substituted "of which the holder had real expertise at enough time it turned a holder" for "of which the holder has precise knowledge".
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The Secretary may perhaps need an entity that proposes to have a subscriber projection of a lot more than twenty p.c of the broadband support current market inside of a rural region to submit for the Secretary a market place survey.
A bond or Observe assured less than this area shall, by agreement involving the Secretary along with the borrower—