7 U.S. Code § 940b

7 U.S. Code § 940b is about Use of funds. It is under Subchapter III (Rural Electric And Telephone Direct Loan Programs) of Chapter 31 (Rural Electrification And Telephone Service) of Title 7 (Agriculture) of the Code.

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.