yourstate.us
Home / United States / 7 U.S.C.
7 U.S.C. § 940b

Use of funds

United States · Title 7 — AGRICULTURE · Status: effective

Get this as JSONEmbed this
Cite this
Citation
7 U.S.C. § 940b, Use of funds, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/429191
Permanent ID
ys:prov:429191@1
SHA-256
b380ce2c3a32f5dff77bc05a3344fa15fa960354e6e424bf50d9842ee0e55a91

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

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.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.

  • Enacted byPub. L. 100-203(H.R. 3545)1987-12-22
    Omnibus Budget Reconciliation Act of 1987
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 103-354(H.R. 4217)1994-10-13
    Federal Crop Insurance Reform and Department of Agriculture Reauthorization Act of 1994
    House: no recorded tallySenate: no recorded tally