referring to prepayment of loans had been set out to be a Observe below segment 936 of this title and have been repealed by
Loans created from or insured from the fund shall be for a similar purposes and on a similar conditions and terms as are offered for loans in subchapters I and II of the chapter apart from as in any other case delivered in sections 933 to 938 inclusive.
An eligible entity that gets a grant under the Program shall make use of the grant to carry out a project that—
inserted ", to public bodies now providing telephone company in rural regions" after "regions" in first sentence and right after "parts" in initial proviso of 2nd sentence.
relates to the issuance of restrictions to execute amendments made by the Act and it is established out to be a Be aware below part 901 of the title. For entire classification of the Act to the Code, see Quick Title of 1993 Modification Observe set out underneath portion 901 of the title and Tables.
(B) with respect to other merchandise, the normal on the depreciation prices utilized by borrowers of phone loans manufactured under this chapter;
Not afterwards than 1 yr following the day of enactment of the portion and each year thereafter, the Secretary shall post to Congress a report that describes—
Buys and resales by the Secretary from the Treasury hereunder shall not be included in the totals of your spending budget of The us Federal government and shall be exempt from any standard limitation imposed by statute on expenditures and never lending (price range outlays) of the United States.
Authorized money transactions; interim notes; purchase of obligations for resale; sale of notes and certificates; liens.
substituted ", except that, with regard to any personal loan" for ": Supplied, nonetheless, That with regard to any mortgage" and struck out ", and with respect to any financial loan produced less than segment 905 of the title, the payment of principal or check here desire shall not be extended in excess of two many years immediately after this kind of payment shall became thanks: And offered even further, Which the provisions of the segment shall not use to any obligations or the security therefor which may be held with the Reconstruction Finance Company beneath the provisions of portion 903 of the title" after "this sort of payment shall became thanks".
"(A) notify the Administrator in composing, inside of 30 days once the issuance of polices to execute this part, with the intent on the borrower to prepay; and
The borrower shall certify in composing if the financing will likely be tax exempt and shall comply with this kind of other terms and conditions as the Secretary may build that happen to be acceptable and needed to carry out this subsection.
Matter to paragraph (two), for uses of the part, the least appropriate volume of broadband service for a rural region shall be at the very least—
The Secretary might enter into this kind of contracts, grants, or cooperative agreements as are necessary to execute this area.