Hartzler introduces relief to rural broadband providers
July 6, 2020 By Julie Harker Filed Under: Broadband, COVID-19, Missouri, News
Missouri Congresswoman Vicky Hartzler has introduced a bipartisan bill to provide relief to rural broadband providers.
Her Flexible Financing for Rural America Act would allow
certain rural utility service borrowers to take advantage of current low
interest rates without heavy fines and penalties. Hartzler says it would allow
electric co-ops and small, rural telecommunications providers to refinance
their debt and keep them solvent in the face of the COVID-19 pandemic.
As it stands now, rural utility service loans cannot be
repaid early or modified without hefty penalties.
A companion bill has been introduced in the U.S. Senate –
with Senators John Boozman of Arkansas and Tina Smith among the cosponsors.
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