7 U.S.C. § 940B
Section 940b · Use of funds
Amended 3 times on record
Applied in 1 court decisions — leading case 812 So. 2d 912 - Tallahatchie Valley Electric Power Association v. MISS. PROPANE GAS ASSOCIATION, INC. (2002)
Most recently applied in 812 So. 2d 912 - Tallahatchie Valley Electric Power Association v. MISS. PROPANE GAS ASSOCIATION, INC. (January 2002)
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 U.S. Code · Office of the Law Revision Counsel
Amendments
1994—Pub. L. 103–354 substituted “Secretary” for “Administrator”.