FEDERAL · 7 U.S.C. · Chapter SUBCHAPTER III—RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS
Use of funds
7 U.S.C. § 940b
Title7 — Agriculture
ChapterSUBCHAPTER III—RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS
This text of 7 U.S.C. § 940b (Use of funds) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
7 U.S.C. § 940b.
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.
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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".
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Bluebook (online)
7 U.S.C. § 940b, Counsel Stack Legal Research, https://law.counselstack.com/usc/7/940b.