At the request with the borrower, the Secretary is authorized and directed to refinance with loans that can be insured less than this chapter within the interest charges delivered in area 935 of the title any loans built for rural electrical and telephone facilities below any provision on the Consolidated Farm and Rural Progress Act [7 U.S.C. 1921 et seq.].

(one) supply guidance and guidance to electrical borrowers below this chapter regarding the productive and prudent use by these kinds of borrowers from the investment decision authority less than part 940b of this title to advertise rural development;

In awarding guidance less than this segment, the Secretary shall give precedence to proposals for projects that—

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(two) Aid the lengthy-phrase viability, sustainability, and utility of federally supported rural broadband infrastructure, by analyzing the technological capabilities of your systems available and fairly predicted being accessible by 2035 to meet the broadband company requirements of rural citizens determined underneath paragraph (one), such as by analyzing the following:

Any quantities while in the reserve set up for a Condition for a fiscal calendar year underneath subparagraph (B) that are not obligated by April 1 of the fiscal yr shall be accessible to the Secretary to create loans and personal loan guarantees underneath this section to qualified entities in almost any Point out, as determined by the Secretary.

§934. Authorized money transactions; interim notes; buy of obligations for resale; sale of notes and certificates; liens

(i) a borrower that has prepaid a loan, possibly in advance of or right after October 21, 1992, at a discount fee as supplied by paragraph (three), shall not be suitable, apart from for the discretion of the Secretary, to apply for or obtain direct or insured loans beneath this chapter in the 120-thirty day period period commencing to the day of the prepayment; and

(bb) curiosity on the amount explained in item (aa), with the period starting around the day with the prepayment and ending around the day in the repayment, in a charge equivalent to the common once-a-year price of borrowing by the Section from the Treasury.

(two) payment of principal when thanks (devoid read more of curiosity) on remarkable loans to the Secretary from your Secretary on the Treasury for electrification and telephone needs and payment of principal and curiosity when because of on loans for the Secretary within the Secretary in the Treasury pursuant to segment 934(a) of this title;

(one) The Secretary shall make grants under this portion dependant on a dedication of Expense-performance and the simplest use of your resources to achieve the reasons described in subsection (b).

A lender that gets a guarantee issued below this area over a bond or Take note shall pay back a charge for the Secretary.

Loans less than this section shall not be produced Except if the Secretary finds and certifies that in his judgment the safety therefor in all fairness suitable and this kind of mortgage will likely be repaid in the time agreed.

If the middle mile infrastructure would not deliver ample security resulting from extended-expression leasing arrangements, the Secretary shall call for substitute security in this kind of sort and substance as are suitable to the Secretary.