A bill to authorize loan guarantees in order to facilitate access to local television broadcast signals in unserved and underserved areas, and for other purposes.
Requires such loans to be used to finance the means by which local television (TV) broadcast signals, including high- speed Internet access and National Weather Service (NWS) warnings, will be delivered to an unserved or underserved area, with a loan priority for unserved areas. States that the Board should give additional consideration to projects which also provide related signals, such as Internet access and NWS warnings. Prohibits the Board from approving a loan which will serve one of the 40 most populated designated market areas.
Limits such loans to 80 percent of the total cost of a project, with a total loan aggregate value limit of $1.25 billion.
Requires the Administrator to administer all loan guarantees approved under this Act. Requires loan applicants to enter into stipulated performance schedules with respect to the local TV signals to be provided through the project.
Outlines procedures governing loan application and credit requirements, default procedures, and recovery of payments for breach of conditions.
Authorizes the Board to charge and collect a loan guarantee fee and use such fee to cover administrative costs.
Requires an annual audit and report concerning the loan guarantee program.
Prohibits any loan guarantee from being approved after December 31, 2006.
Authorizes appropriations for FY 2001 through 2006.
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 525.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Committee on Banking, Housing, and Urban Affairs. Reported to Senate by Senator Gramm under the authority of the order of 03/09/2000 with an amendment in the nature of a substitute. With written report No. 106-243. Additional views filed.
Committee on Banking, Housing, and Urban Affairs. Reported to Senate by Senator Gramm under the authority of the order of 03/09/2000 with an amendment in the nature of a substitute. With written report No. 106-243. Additional views filed.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 461.
Measure laid before Senate. (consideration: CR S1926-1941, S1946-1958, S1961-1968; text of measure as reported in Senate: CR S1927-1929)
The committee substitute as amended agreed to by Voice Vote.
Passed/agreed to in Senate: Passed Senate with an amendment by Yea-Nay Vote. 97 - 0. Record Vote Number: 50.
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Passed Senate with an amendment by Yea-Nay Vote. 97 - 0. Record Vote Number: 50.
Message on Senate action sent to the House.
Received in the House.
Held at the desk.