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7 U.S.C. · Agriculture
7 U.S.C. § 940b

Use of funds

Ch. 31 — RURAL ELECTRIFICATION AND TELEPHONE SERVICE
Title 7 U.S.C. ● ACTIVE Primary Source Ch. 31
Statutory Text

7 U.S.C. § 940b — Use of funds

U.S.C. Title 7 - AGRICULTURE 7 U.S.C. United States Code, 2023 Edition Title 7 - AGRICULTURE CHAPTER 31 - RURAL ELECTRIFICATION AND TELEPHONE SERVICE SUBCHAPTER III - RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS Sec. 940b - Use of funds From the U.S. Government Publishing Office, www.gpo.gov

§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.

(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

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

Source: uscode.house.gov — public domain Official Source ↗
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◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
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BS-USC07-SEC-08D019
Entity Class
STATUTE / FEDERAL-CODE-SECTION
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boisestandard.org
Citation
7 U.S.C. § 940b
Jurisdiction
Federal — United States
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✓ ACTIVE
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PRIMARY-SOURCE
Source Verified
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73ae8cd734d77b76...
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The statutory text of 7 U.S.C. § 940b is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 7 U.S.C. § 940a 7 U.S.C. § 940c →
Ch. 31 — RURAL ELECTRIFICATION AND TELEPHONE SERVICE
7 U.S.C. § 9017 U.S.C. § 9027 U.S.C. § 9037 U.S.C. § 9047 U.S.C. § 9057 U.S.C. § 9067 U.S.C. § 906a7 U.S.C. § 9077 U.S.C. § 9087 U.S.C. § 9097 U.S.C. § 9107 U.S.C. § 9117 U.S.C. § 911a7 U.S.C. § 9127 U.S.C. § 912a7 U.S.C. § 9137 U.S.C. § 9147 U.S.C. § 9157 U.S.C. § 9167 U.S.C. § 9177 U.S.C. § 9187 U.S.C. § 918a7 U.S.C. § 918b7 U.S.C. § 918c7 U.S.C. § 9217 U.S.C. § 921a7 U.S.C. § 9227 U.S.C. § 9237 U.S.C. § 9247 U.S.C. § 925
7 U.S.C. — public domain ← All Legislation
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boisestandard.org → United States → Law → U.S. Code → Title 7 → 7 U.S.C. § 940b