7 U.S. Code §940b. Use of funds

Section Text

A borrower of an insured or guaranteed electric loan under this chapter may, without restriction or prior approval of the Secretary, invest its own funds or make loans or guarantees, not in excess of 15 percent of its total utility plant.

Editorial Notes

AMENDMENTS 1994—Pub. L. 103–354 substituted "Secretary" for "Administrator".


7 U.S.C. § 940b (2018)