H.R.2953: To amend the Rural Electrification Act of 1936 to improve the application process for the rural broadband program of the Department of Agriculture.

To amend the Rural Electrification Act of 1936 to improve the application process for the rural broadband program of the Department of Agriculture. 7/10/2007--Introduced. Rural Broadband Access Enhancement Act - Amends the Rural Electrification Act of 1936 to redefine "eligible rural community." Permits a loan or loan guarantee applicant in an area where 40% of the residents are without broadband access to qualify with a 10% loan equity position. Provides for: (1) paperwork reduction; and (2) program outreach to underserved areas. Prohibits loan or loan guarantees for new broadband service in communities with three or more service providers. Provides that for each fiscal year: (1) not more than 10% of program funds shall be available to providers with more than 10% of national subscriber lines; and (2) 40% of program funds shall be available to providers with between 2%-10% of national subscriber lines. Revises the amortization [...]

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