7 U.S.C. § 950aaa-3 : US Code - Section 950AAA-3: Administration

Search 7 U.S.C. § 950aaa-3 : US Code - Section 950AAA-3: Administration

(a) Nonduplication
The Secretary shall ensure that facilities constructed using
financial assistance provided under this chapter do not duplicate
adequate established telemedicine services or distance learning
services.
(b) Loan maturity
The maturities of cost of money loans shall be determined by the
Secretary, based on the useful life of the facility being financed,
except that the loan shall not be for a period of more than 10
years.
(c) Loan security and feasibility
The Secretary shall make a cost of money loan only if the
Secretary determines that the security for the loan is reasonably
adequate and that the loan will be repaid within the period of the
loan.
(d) Encouraging consortia
The Secretary shall encourage the development of consortia to
provide telemedicine services or distance learning services through
telecommunications in rural areas served by a telecommunications
provider.
(e) Coordination with other agencies
The Secretary shall coordinate, to the extent practicable, with
other Federal and State agencies with similar grant or loan
programs to pool resources for funding meritorious proposals in
rural areas.
(f) Informational efforts
The Secretary shall establish and implement procedures to carry
out informational efforts to advise potential end users located in
rural areas of each State about the program authorized by this
chapter.