"(two) simply cannot, in accordance with generally accepted management and accounting concepts and without charging prices to its consumers or subscribers so high as to generate a substantial disparity amongst these prices and the charges charged for similar assistance in a similar or nearby places by other suppliers, provide provider per the aims of the chapter."
(ii) has the legal capacity and authority to enter right into a deal, to adjust to applicable Federal legislation, also to own and work broadband amenities, as proposed in the appliance submitted because of the entity for your grant underneath the Program.
This chapter shall be administered fully with a nonpartisan foundation, and while in the appointment of officials, the choice of staff, and within the advertising of any these officials or workers, no political test or qualification shall be permitted or supplied consideration, but all these types of appointments and promotions shall be supplied and created on The premise of merit and effectiveness.
(3) may perhaps give the highest funding precedence to designated initiatives in considerably underserved belief locations; and
(iii) the standard cost of the most subscribed tier of broadband company inside of a proposed company place;
Provisions much like Individuals In this particular area have been contained in the following prior appropriation act:
The discount fee to become set via the Secretary for direct or insured loans prepayments hereunder shall be determined by The existing cost of money into the Division of your Treasury for obligations of equivalent maturity to Individuals staying prepaid. If a borrower prepays working with tax exempt funding, the discount shall be adjusted to generate the lower price comparable to entirely taxable funding. The borrower shall certify in producing whether or not the funding will be tax exempt and shall comply with this kind of other stipulations since the Secretary may well create which happen to be reasonable and essential to apply this provision. As employed In this particular area, the phrase "direct loan" indicates a mortgage made underneath part 904 of this title.
(B) any required amenities important to present that qualified broadband provider to each household and small business buyer in this sort of proposed eligible service space; and
Approved financial transactions; interim notes; acquire of obligations for resale; sale of notes and certificates; liens.
Loans and grants essential beneath this area shall be created to the total extent on the amounts created offered less than subsection (e).
"(A) notify the Administrator in composing, in 30 days once the issuance of polices to perform this section, from the intent of your borrower to prepay; and
A borrower of the loan made by the Federal Funding Financial more info institution and certain less than section 936 of the title might, at the option on the borrower, refinance or prepay the mortgage or an advance about the bank loan, or any percentage of the financial loan or progress.
§ 926. Specific rural enhancement investments by certified phone borrowers not handled as dividends or distributions
The Secretary shall demand any entity receiving guidance to get a undertaking which offers retail broadband support to post an yearly report for 3 several years right after completion of the venture, in a structure specified with the Secretary, that describes—