7 U.S.C. § 950aaa-3
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.
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.
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.
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.
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.
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.
7 U.S.C. § 950aaa-3
Termination of SectionFor termination of section by section 1(b) of Pub. L. 102-551 see Termination of Chapter note set out under section 950aaa of this title.
EDITORIAL NOTES
PRIOR PROVISIONSA prior section 950aaa-3, Pub. L. 101-624, title XXIII, §23342334,, 104 Stat. 4019; Pub. L. 103-354, title II, §235(b)(4)(B), (C), Oct. 13, 1994, 108 Stat. 3221, 3222, contained provisions relevant to telecommunications programs, prior to the general amendment of this chapter by Pub. L. 104-127.
- Secretary
- The term "Secretary" means the Secretary of Agriculture.
- cost of money loan
- The term "cost of money loan" means a loan made under this chapter bearing interest at a rate equal to the then current cost to the Federal Government of loans of similar maturity.