Sec. 5. Telecommunications loan and loan guarantee program
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Title II of the Rural Electrification Act of 1936 ( 7 U.S.C. 922 et seq.) is amended by adding at the end the following new section: In addition to any preference given under section 201 with respect to a telephone loan made under this Act, the Secretary may give preference to an application for such a loan for a project that, as determined by the Secretary, supports the development of telecommunications services on a multijurisdictional basis. In evaluating an application described in subsection (a), the Secretary shall consider whether— the project that is the subject of the application was developed through the collaboration and participation of multiple stakeholders in the service area of the project, including State, local, and tribal governments, nonprofit institutions, institutions of higher education, and private entities; the applicant has an understanding of the applicable regional resources that could support the project, including natural resources, human resources, infrastructure, and financial resources; and the project has clear objectives and includes a means to establish measurable performance measures and to track progress toward meeting such objectives. .
Section 201 of the Rural Electrification Act of 1936 ( 7 U.S.C. 922 ) is amended in the last sentence by inserting or the application involved is an application described in section 208 before the period at the end. Section 203(b) of the Rural Electrification Act of 1936 ( 7 U.S.C. 924(b) ) is amended by striking 5,000 and inserting 20,000 .
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