§ 50.123 INVESTMENT OF RETAINED AMOUNTS REQUIRED.

   Pending use, the grantee shall invest the retained amounts for reconstruction and expansion in:

   (A)   obligations of the U.S. Government, or

   (B)   obligation guaranteed as to principal and interest by the U.S. Government or any agency thereof, or

   (C)   shall deposit such amounts in accounts fully collateralized by obligations of the U.S. Government or by obligations fully guaranteed as to principal and interest by the U.S. Government or any agency thereof.

(Prior Code, Art. 16, § 16.7(u))