Act of May 20, 1936, ch. 432, tit. III, sec. 312 (as amended)
USE OF FUNDS.
SEC. 312. [7 U.S.C. 940b] USE OF FUNDS.
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.
- Cross-references to the US Code
- 7 U.S.C. 940b