§ 925 - Loan feasibility

CHAPTER 31— RURAL ELECTRIFICATION AND TELEPHONE SERVICE › SUBCHAPTER II— RURAL TELEPHONE SERVICE

The Secretary may not, as a condition of making a telephone loan to an applicant therefor, require the applicant to—

(1) increase the rates charged to the applicant’s customers or subscribers; or

(2) increase the applicant’s ratio of—

(2)(A) net income or margins before interest; to

(2)(B) the interest requirements on all of the applicant’s outstanding and proposed loans.

2018—Pub. L. 115–334 struck out “and the Governor of the telephone bank” after “The Secretary” in introductory provisions.

1994—Pub. L. 103–354 substituted “Secretary” for “Administrator”.