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2019 US Code
Title 7 - Agriculture
Chapter 31 - Rural Electrification and Telephone Service
Subchapter III - Rural Electric and Telephone Direct Loan Programs
Sec. 940b - Use of funds
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| 7 U.S.C. § 940b (2019) |
| §940b. Use of funds |
|
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. |
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(May 20, 1936, ch. 432, title III, §312, as added Pub. L. 100–203, title I, §1402, Dec. 22, 1987, 101 Stat. 1330–21; amended Pub. L. 103–354, title II, §235(a)(13), Oct. 13, 1994, 108 Stat. 3221.) |
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AMENDMENTS
1994—Pub. L. 103–354 substituted "Secretary" for "Administrator". |
| United States Code, 2018 Edition, Supplement 1, Title 7 - AGRICULTURE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 7 - AGRICULTURE CHAPTER 31 - RURAL ELECTRIFICATION AND TELEPHONE SERVICE SUBCHAPTER III - RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS Sec. 940b - Use of funds |
| section 940b |
| 2019 |
| January 24, 2020 |
| No |
| standard |
| 101 Stat. 1330-21 108 Stat. 3221 |
| Public Law 100-203, Public Law 103-354 |
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