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Rural Utilities Service

Rural Utilities Service. Telecommunications Program. 1400 Independence Ave. Washington, DC 20250 www.usda.gov/rus/telecom. Presented by: Hilda Gay Legg Administrator. Who we are….

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Rural Utilities Service

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  1. Rural Utilities Service Telecommunications Program 1400 Independence Ave. Washington, DC 20250 www.usda.gov/rus/telecom Presented by: Hilda Gay Legg Administrator

  2. Who we are… The RUS Telecommunications Program assists the private sector in developing, planning, and financing the construction of telecommunications infrastructure in Rural America.

  3. Infrastructure…Program Budget Infrastructure Programs: Loans: Hardship$ 75 million Cost of Money$ 300 million Rural Telephone Bank $ 175 million Guaranteed $ 120 million $ 670 million Program 2003

  4. Infrastructure…Programs Hardship:Interest Rate: 5% Fixed $ 75 million Term: Up to 35 years; determined by assets’ useful service life To qualify, an entity must have: Density: 4 subscribers or less; AND TIER: Between 1.0 and 3.0 Program 2003

  5. Infrastructure…Programs Cost of Money:Interest Rate: Treasury Rate $ 300 million Term: Up to 35 years; determined by assets’ useful service life To qualify, an entity must have: Density: 15 subscribers or less; AND TIER: Between 1.0 and 5.0 Program 2003

  6. Infrastructure…Programs Interest Rate: Cost of Capital $ 175 million Term: Up to 35 years; determined by assets’ useful service life To qualify, an entity must have: Density: 15 subscribers or less; AND TIER: Between 1.0 and 5.0 Program 2003 Rural Telephone Bank:

  7. Infrastructure…Programs Interest Rate: Treasury Rate + 1/8% $ 120 million Term: Up to 35 years; determined by assets’ useful service life To qualify, an entity must have: Density: Any; AND TIER: 1.2 or more Program 2003 Federal Financing Bank Guarantee:

  8. Broadband…Program Budget Broadband Programs: Loans: 4 Percent$ 80 million Treasury Rate$1,295 million Guaranteed $ 80 million $1,445 million Grants: $ 10 million Program 2003

  9. Broadband…Programs Direct:Interest Rate: 4% Fixed $ 80 million Term: Determined by assets’ useful service life To qualify, a community must: Be: Unserved Have:Population of less than 2,500 Per capita income less than 55% Density: 10 subscribers or less Program 2003

  10. Broadband…Programs Interest Rate: Treasury Rate $ 1.295 billion Term: Determined by assets’ useful service life To qualify, a community must: Have:Population of less than 20,000 Program 2003 Direct – Cost of Money:

  11. Broadband…Programs Interest Rate: Private Lender’s Rate $ 80 million Term: Determined by assets’ useful service life Guarantee Rate: 80% To qualify, a community must: Have:Population of less than 20,000 Program 2003 Guarantee:

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