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7 U.S.C. § 940b — Use of funds

submitted 90 years ago by Pub. L. 100-203 to r/title-7-AGRICULTURE · 41 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

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.

Source credit: (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.)

history & why it existsrecord from the source credit
  • 1936Enacted · Pub. L. 100-203 · 101 Stat. 1330
  • 1994Amended · Pub. L. 103-354 · 108 Stat. 3221

A history note hasn’t been published yet. The record shows enactment by Pub. L. 100-203 on 1936-05-20.

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