§908 — Title 7 Agriculture | U.S. Code

Summary

The Secretary can let a grant, loan, or loan-guarantee recipient set aside up to 10 percent of the money to provide retail broadband service. The funds can be used only in areas that lack the minimum broadband level under section 950bb(e), unless the recipient meets section 950bb(d). This does not stop a borrower from financing or deploying services allowed by the chapter. The Secretary must not approve the set-aside if it would cause competitive harm to any such grant, loan, or loan guarantee.

Title 7, §908

Agriculture — Source: USLM XML via OLRC

(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.

(b)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.

(c)Nothing in this section shall be construed to limit the ability of any borrower to finance or deploy services authorized under this chapter.

(d)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).

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 908, acts May 20, 1936, ch. 432, title I, § 8, 49 Stat. 1366; Oct. 28, 1949, ch. 776, § 2, 63 Stat. 948; Oct. 13, 1994, Pub. L. 103–354, title II, § 235(a)(4), 108 Stat. 3221, related to

Transfer of Functions

of Rural Electrification Administration created by Executive Order No. 7037, prior to repeal by Pub. L. 104–127, title VII, § 776, Apr. 4, 1996, 110 Stat. 1150.

§908 Limitations on use of assistance