Sec. 312. USE OF FUNDS
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/statute-compilations/comps-10315/sec-312A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 312 USE OF FUNDS **[**[7 U.S.C. 940b](/us/usc/t7/s940b)**]** A borrower of an insured or guaranteed electric loan under this Act 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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