Uses of loan funds.

CFR · 2024-01-01 · US · Title 7

(a) Funds from loans made or guaranteed by RUS may be used to finance: (1) (ii) The purchase, rehabilitation and integration of existing distribution facilities and associated service territory when the acquisition is an incidental and necessary means of providing or improving service to persons in rural areas who are not receiving adequate central station service, and the borrower is unable to finance the acquisition from other sources. See § 1710.107. (2) (ii) The purchase of an ownership interest in new or existing transmission or generation facilities to serve RE Act beneficiaries. (3) (4) (5) Certain costs incurred in demand side management, energy conservation programs and on and off grid renewable energy systems. (6) Eligible Energy Efficiency and Conservation Programs pursuant to Subpart H of this part. (7) (8) (i) Smart grid, grid security, or cybersecurity infrastructure financed under this section must relate to one or more electric utility or energy efficiency purpose. Loan proceeds under this section may not be used to solely finance retail broadband services. (ii) Notwithstanding paragraph (a)(8)(i) of this section, a borrower is permitted to use up to 10 percent of the amount provided under this subpart to construct, improve, or acquire broadband infrastructure related to the project financed, subject to the requirements of 7 CFR part 1980, subpart M. (b) In cases of financial hardship, as determined by the Administrator, loans may also be made to finance the f

official document · source cfr-2024 · id 7:§ 1710.106