Schedule J-2

Schedule J-2 - Equity State or Local Govt Bond.docm

7 CFR 1738, Rural Broadband Loan and Loan Guarantee Program

Schedule J-2

OMB: 0572-0130

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Schedule J-2

Equity – State/local government Bond



  1. For State and local government applicants intending to satisfy the equity requirement with a general obligation bond, submit an opinion from its legal counsel that the applicant has the authority to issue a general obligation bond in an amount sufficient to meet the minimum equity requirement. If the equity requirement is satisfied with a general obligation bond, the general obligation bond must be pari passu with to the broadband loan.




Amount of General Obligation Bond:___________


Date when funds are available:_________________


Attach:


Legal counsel opinion


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