inserted necessity that the Secretary of Agriculture testify prior to the House Committee on Agriculture along with the Senate Committee on Agriculture and Forestry Every calendar year on or prior to February 15th or other date specified by the Committees to supply justification intimately of the amount asked for during the spending plan being appropriated for the next fiscal 12 months.

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The option offered underneath paragraph (1) shall not be accessible in the case of any personal loan or financial loan progress, or part thereof, Except a prepared request to physical exercise these selection is shipped into the Secretary not later than 1 calendar year after the successful day of restrictions issued to perform The agricultural Electrification Financial loan Restructuring Act of 1993.

The Secretary shall, While using the consent from the lender, composition the timetable for payment from the price to make sure that enough cash are available to pay the subsidy expenses for note or bond assures as provided for in subsection (e)(two).

§926. Sure rural enhancement investments by certified telephone borrowers not taken care of as dividends or distributions

If the Secretary herein delivered for is discovered from the President of America to be guilty of the violation of the area, he shall be faraway from Office environment with the President, and any appointee or variety of officials or workers made by the Secretary that is identified guilty of the violation of this chapter shall be taken off because of the Secretary.

Extensions below this segment shall not be granted In the event the principal harmony prolonged exceeds the appraised worth of the producing plant or transmission line referred to in subsection paragraph (two).

A distribution borrower not in default to the repayment of loans created or insured less than this chapter shall be suitable for discounted prepayment as provided in this subsection. For the objective of determining eligibility for discounted prepayment under this subsection or eligibility for guidance underneath this chapter, a default by a borrower from which a distribution borrower buys wholesale electrical power shall not be regarded a default with the distribution borrower.

The Secretary may not need any applicant for just a bank loan built underneath this subsection who's suitable for a mortgage below paragraph (1) to get a loan from A further source for a situation of approving the appliance for that loan or advancing any amount of money underneath the loan.

(B) In the case of deferments produced to enable the borrower to deliver Group advancement aid, complex assistance to companies, and for other community, business, or financial improvement jobs not bundled underneath subparagraph (A), the deferment shall be repaid in equal installments, with no accrual of fascination, in excess of the a hundred and twenty-thirty day period time period starting within the day of your deferment, and the total degree of this kind of payments shall be equivalent to the amount of the payment deferred.

substituted "of which the holder had genuine understanding at time it became a holder" for "of which the holder has true expertise".

(three) all collections of principal and fascination gained on and immediately after July one, 1972, on notes, bonds, judgments, or other obligations manufactured or held under subchapters I and II of this chapter and less than this subchapter, which shall be compensated into and become assets from the fund;

Almost nothing On this part limits the authority on the Secretary to establish conditions and terms with respect into the use by borrowers in the proceeds of loans built or guaranteed underneath this chapter or to take any other motion specifically authorized by legislation.

The Secretary shall set up a method, more info to generally be generally known as the "Local community Link Grant Plan", to deliver grants to eligible entities to finance broadband transmission in rural places.