107 STAT. 1358 PUBLIC LAW 103-129—NOV. 1, 1993 "(I) the average number of consumers per mile of line of the total electric system of the applicant is less than 5.50; or "(IlXaa) the average revenue per kilowatt-hour sold by the applicant is more than the average revenue per kilowatt-hour sold by all utilities m the State in which the applicant provides service; and "(bb) the average per capita income of the residents receiving electric service from the applicant is less than the average per capita income of the residents of the State in which the applicant provides service, or the median household income of the households receiving electric service from the applicant is less than the median household income of the households in the State, "(iii) EXCEPTION.—Clause (ii) shall not apply to a loan to be made to an applicant for the purpose of furnishing or improving electric service to consumers located in an urban area (as defined by the Bureau of the Census) if the average number of consumers per mile of line of the total electric system of the applicant exceeds 17. " (C) LOAN TERM. — "(i) IN GENERAL. —Subject to clause (ii), the applicant for a loan under this paragraph may select the term for which an interest rate shall be determined pursuant to subparagraph (B), and, at the end of the term (and any succeeding term selected by the applicant under this subparagraph), may renew the loan for another term selected by the applicant, "(ii) MAXIMUM TERM. — " (I) APPLICANT. — The applicant may not select a term that ends more than 35 years after the beginning of the first term the applicant selects under clause (i). " (II) ADMINISTRATOR. —The Administrator may prohibit an applicant from selecting a term that would result m the total term of the loan being greater than the expected useful life of the assets being financed. "(D) CALL PROVISION.—The Administrator shall offer any applicant for a loan under this paragraph the option to include in the loan agreement the right of the applicant to prepay the loan on terms consistent with similar provisions of commercial loans. "(3) OTHER SOURCE OF CREDIT NOT REQUIRED IN CERTAIN CASES. — The Administrator may not require any applicant for a loan made under this subsection who is eligible for a loan under paragraph (1) to obtain a loan from another source as a condition of approving the application for the loan or advancing any amount under the loan. " (d) INSURED TELEPHONE LOANS.— "(1) HARDSHIP LOANS.— "(A) IN GENERAL.—The Administrator shall make insured telephone loans, to the extent of qualifying applications for the loans, at an interest rate of 5 percent per
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