About 922 loans
About 922 loans
Blog Article
As well as the bank loan extension authority delivered in portion 912 of the title, the Secretary of Agriculture is approved to regulate and readjust the schedules for payment of principal and desire on loans to borrowers underneath packages administered from the Secretary beneath the Rural Electrification Act of 1936 (7 U.
When pinpointing population density beneath this part, the Secretary shall prescribe a calculation process which—
(i) permits a single software for any grant as well as a bank loan beneath subchapter I, II, or this subchapter that may be affiliated with these grant; and
An application submitted by an suitable entity underneath paragraph (one) shall consist of documentation ample to reveal The supply of cash to fulfill the requirement of subsection (e).
pertains to the issuance of regulations to carry out amendments created by the Act and is set out being a note beneath portion 901 of the title. For complete classification of this Act on the Code, see Shorter Title of 1993 Modification Take note set out below portion 901 of this title and Tables.
(i) make grants of around seventy five per cent of the development charges of your project for which the grant is supplied to an eligible entity In the event the Secretary decides that the project serves—
The Secretary is licensed, from sums appropriated pursuant to section 906 of this title, to produce these expenses (together with expenses for private expert services; materials and devices; lawbooks and guides of reference; directories and periodicals; vacation charges; rental within the seat of presidency and somewhere else; the purchase, operation, or maintenance of passenger-carrying vehicles; and printing and binding) as are appropriate and necessary to carry out the provisions of the chapter.
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Authorized fiscal transactions; interim notes; buy of obligations for resale; sale of notes and certificates; liens.
Loans and grants here demanded underneath this part shall be manufactured to the complete extent with the quantities produced readily available below subsection (e).
Extensions beneath this part shall in no circumstance bring about a final maturity higher than 55 a long time through the time of initial disbursement and shall in no scenario end in a closing maturity bigger compared to valuable life of the plant.
S.C. 901 et seq.), and to increase the maturity date of any this sort of mortgage to a day not over and above forty several years with the date of such financial loan in which he establishes these kinds of motion is important because of the impairment in the economic feasibility from the technique, or maybe the reduction, destruction, or damage of the residence of these kinds of borrowers on account of An important catastrophe.
involved the transmission of sounds, indicators, shots, composing, or indications of all kinds in "phone services", and substituted "concept telegram service or Neighborhood antenna tv procedure companies or amenities other than Individuals meant completely for instructional functions" for "telegraph companies or amenities".
In the case of zero interest loans, the Secretary shall set up this sort of reasonable repayment terms as will really encourage borrower participation.