FEDERAL · 7 U.S.C. · Chapter 31
Use of funds
Current through Pub. L. 119-102
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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7 U.S.C. § 940b (Use of funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Tallahatchie Valley Electric Power Association v. MISS. PROPANE GAS ASSOCIATION, INC.
812 So. 2d 912 (Mississippi Supreme Court, 2002)
Tallahatchie Valley Electric Power Association v. Mississippi Propane Gas Association, Inc.
(Mississippi Supreme Court, 1999)
Source Credit
History
(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.)
Editorial Notes
Editorial Notes
Amendments
1994—Pub. L. 103–354 substituted "Secretary" for "Administrator".
Amendments
1994—Pub. L. 103–354 substituted "Secretary" for "Administrator".