If any provision of the chapter, or the applying thereof to anyone or conditions, is held invalid, the rest of the chapter and the applying of such provision to other individuals or conditions shall not be afflicted therefore.

The Secretary might deny the request of a lender for that guarantee of a bond or Notice less than this part In the event the Secretary establishes that—

(i) exhibit the chance to furnish or enhance services in order to meet the broadband buildout specifications founded underneath subsection (e)(four) in all or part of an unserved or underserved rural space;

(A) the difference between the excellent principal stability with the personal loan remaining refinanced plus the current worth of the financial loan discounted in a amount equivalent into the then current expense of resources to the Department of the Treasury for obligations of equivalent maturity into the personal loan being refinanced or pay as you go;

(i) submit for the Secretary an software at this kind of time, in these kinds of fashion, and containing these information and facts because the Secretary could involve;

Provisions much like Individuals On this segment were contained in the subsequent prior appropriation act:

§922. Loans for phone service Section Textual content From this kind of sums as are every so often made available because of the Congress on the Secretary for this kind of intent, pursuant to area 903 of the title, the Secretary is authorized and empowered to produce loans to individuals now furnishing or who may possibly hereafter provide telephone assistance in rural locations, to community 922 loans bodies now providing telephone provider in rural areas also to cooperative, nonprofit, constrained dividend, or mutual associations.

§6102(b), substituted "No expenses or charges shall be assessed for almost any this kind of accommodation or subordination." for "No expenses or charges shall be assessed for just about any such promise, accommodation, or subordination. With regard to assures issued from the Secretary beneath this portion, around the request with the borrower of any such mortgage so guaranteed, the bank loan shall be produced by the Federal Funding Lender and in a rate of desire that isn't greater than the speed of interest relevant to other comparable loans then staying made or obtained because of the Lender."

(3) the borrower certifies that any price savings from this sort of prepayment are going to be passed on to its buyers or utilized to improve the economic energy of the borrower in situations of monetary hardship.

(A) proof satisfactory into the Secretary that a Federal or Condition agency with jurisdiction and expertise has designed an official willpower, such as through a licensing continuing, extending the valuable lifetime of a generating plant or transmission line pledged as collateral to or over and above The brand new remaining maturity day becoming requested with the borrower, or

The Secretary shall be sure that the sort and number of, and method of safety used to secure, any bank loan or financial loan warranty under this area is commensurate to the chance associated with the financial loan or mortgage promise, significantly in almost any circumstance wherein the loan or mortgage ensure is issued into a monetarily sturdy and steady entity, as determined by the Secretary.

The borrower shall certify in producing if the financing will likely be tax exempt and shall comply with this kind of other terms and conditions given that the Secretary may perhaps create that happen to be acceptable and required to execute this subsection.

Besides as furnished in subparagraph (D), the amount of any grant manufactured less than this section shall not exceed—

Certain rural development investments by capable phone borrowers not taken care of as dividends or distributions.