§ 940b. Use of funds

89 words·~1 min read·/usc/title-7/section-940b

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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.)

Connections3 cite this

Cited by 3 sections

U.S. Code

§ 950aa
Additional powers and duties

statute-compilations

Sec. 312
USE OF FUNDS

statutes-at-large

Public Law 100–201
To authorize the acceptance of a donation of land for addition to Big Bend National Park, in the State of Texas

6 references not yet in our index

May 20, 1936, ch. 432
Pub. L. 100–203, title I, § 1402
101 Stat. 1330–21
Pub. L. 103–354, title II, § 235(a)(13)
108 Stat. 3221
Pub. L. 103–354

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cites case law

§ 940b

Use of funds

Stat. Comp.×1

Stat.×1

U.S.C.×1

ActMay 20, 1936, ch. 432

Pub. L.Pub. L. 100–203, title I, § 1402

Stat.101 Stat. 1330–21

Pub. L.Pub. L. 103–354, title II, § 235(a)(13)

Stat.108 Stat. 3221

Cites 6 · showing 5Cited by 3 across 3 sources