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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 09:52:37 -04:00

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LegalText 7 U.S.C. § 940b Use of funds us united_states_code code_section 7 AGRICULTURE 31 RURAL ELECTRIFICATION AND TELEPHONE SERVICE 940b 7 U.S.C. § 940b current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip /us/usc/t7/s940b data/legal/raw/us/code/title-07/usc07.xml 55db36b5a4fad28c84b2464855e6a10577093cfc8386f24d2abfc3fb9085cf44 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 6693f3c159be78d72cfd5dbc93d951925d6de0a4ca98eeb84247bb6ea00bc960 2026-07-04 official
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7 U.S.C. § 940b - Use of funds

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.

(May 20, 1936, ch. 432, title III, § 312, as added Pub. L. 100203, title I, § 1402, Dec. 22, 1987, 101 Stat. 133021; amended Pub. L. 103354, title II, § 235(a)(13), Oct. 13, 1994, 108 Stat. 3221.)

Notes

Editorial Notes

Amendments1994—Pub. L. 103354 substituted “Secretary” for “Administrator”.