If any provision of this chapter, or the appliance thereof to any person or conditions, is held invalid, the rest of the chapter and the application of this kind of provision to other people or circumstances shall not be afflicted thereby.

(ii) has the legal capability and authority to enter into a agreement, to comply with applicable Federal guidelines, and also to own and run broadband services, as proposed in the application submitted via the entity to get a grant below This system.

These types of loans shall be on these kinds of stipulations relating to the expenditure of the moneys loaned and the safety therefor given that the Secretary shall identify and should be produced payable in full or in part out from the income, except that no personal loan for the development, Procedure, or enlargement of any creating plant shall be made Except if the consent from the Condition authority having jurisdiction while in the premises is to start with received.

inserted ", to public bodies now delivering phone company in rural parts" just after "locations" in initial sentence and following "spots" in 1st proviso of next sentence.

As a way to insure coordination of electrical technology and transmission financing under this chapter While using the national Electricity policy, the Secretary in earning or guaranteeing loans for the construction, operation, or enlargement of building plants or electric transmission traces or devices, shall look at this sort of normal conditions in step with the provisions of the chapter as could possibly be posted from the Secretary of Strength.

(i) make grants of as many as seventy five p.c of the event costs from the venture for which the grant is offered to an eligible entity In the event the Secretary decides that the project serves—

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A distribution borrower not in default within the repayment of loans made or insured below this chapter shall be qualified for discounted prepayment as furnished in this subsection. For the purpose of figuring out eligibility for discounted prepayment beneath this subsection or eligibility for support beneath this chapter, a default by a borrower from which a distribution borrower purchases wholesale electrical power shall not be deemed a default with the distribution borrower.

The Secretary shall make insured phone loans, for the extent of qualifying purposes to the loans, at an interest fee of 5 % per year, to any applicant who fulfills each of the next requirements:

(three) payment of quantities to which the holder of notes is entitled on insured loans: Supplied, That payments other than last payments needn't be remitted towards the holder right up until thanks or right up until another agreed yearly, semiannual, or quarterly remittance day;

substituted "of which the holder experienced actual information at some time it turned a holder" for "of which the holder has actual information".

All redemptions, buys, and revenue by the Secretary of your Treasury of these types of notes shall be dealt with as community personal debt transactions of the United States: Offered, nevertheless, That these kinds of interim notes on the Secretary with the Treasury shall not be A part of the totals with the finances of The us Federal government and shall be exempt from any common limitation imposed by statute on expenditures and net lending (spending budget outlays) of America.

The Secretary as well as applicant may click here well jointly agree to amend the milestones and aims agreed to less than paragraph (three).

(3) be the bring about, specifically or indirectly, of imposing any requirement or restriction to the borrower being a situation of the help, apart from these kinds of specifications or constraints as are important to employ a personal debt restructuring agreed on by the facility supply borrower and The federal government.