
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 7USC940b]

 
                          TITLE 7--AGRICULTURE
 
         CHAPTER 31--RURAL ELECTRIFICATION AND TELEPHONE SERVICE
 
    SUBCHAPTER III--RURAL ELECTRIC AND TELEPHONE DIRECT LOAN PROGRAMS
 
Sec. 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, Sec. 312, as added Pub. L. 100-203, 
title I, Sec. 1402, Dec. 22, 1987, 101 Stat. 1330-21; amended Pub. L. 
103-354, title II, Sec. 235(a)(13), Oct. 13, 1994, 108 Stat. 3221.)


                               Amendments

    1994--Pub. L. 103-354 substituted ``Secretary'' for 
``Administrator''.

                  Section Referred to in Other Sections

    This section is referred to in section 950aa of this title.
