7 U.S.C. § 908 — Limitations on use of assistance
submitted 90 years ago by Pub. L. 115-334 to r/title-7-AGRICULTURE · 153 words · no verdicts yet
This section allows a grant, loan, or loan-guarantee recipient to reserve up to 10% for retail broadband, subject to location and competition limits. It does not limit other authorized financing or deployment.
(a) Subject to (b) and (c), the Secretary* may allow a recipient of a grant, loan, or loan guarantee under this subchapter to reserve no more than 10% of the amount received for retail broadband service. (b) Reserved funds may be used only where the minimum acceptable broadband level under section 950bb(e) is not available, unless the recipient meets section 950bb(d). (c) This section does not limit a borrower’s ability to finance or deploy services authorized by this chapter. (d) The Secretary may not provide funding under (a) if it would cause competitive harm to a grant, loan, or loan guarantee described in (a).
Subject to subsections (b) and (c) of this section, the Secretary* may allow a recipient of a grant, loan, or loan guarantee under this subchapter to set aside not more than 10 percent of the amount so received to provide retail broadband service.
A recipient who sets aside funds under subsection (a) of this section may use the funds only in an area that is not being provided with the minimum acceptable level of broadband service established under section 950bb(e) of this title, unless the recipient meets the requirements of section 950bb(d) of this title.
Nothing in this section shall be construed to limit the ability of any borrower to finance or deploy services authorized under this chapter.
The Secretary shall not provide funding under subsection (a) if the funding would result in competitive harm to any grant, loan, or loan guarantee referred to in subsection (a).
Source credit: (May 20, 1936, ch. 432, title I, § 8, as added Pub. L. 115–334, title VI, § 6210(b), Dec. 20, 2018, 132 Stat. 4744.)
- 1936Enacted · Pub. L. 115-334 · 132 Stat. 4744
A history note hasn’t been published yet. The record shows enactment by Pub. L. 115-334 on 1936-05-20.
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