Final answer:
The NRECA is not funded by government funds, making option 2) Not funded the correct completion for the statement. NRECA is a non-profit organization representing electric cooperatives, which are not managed by the federal government.
Step-by-step explanation:
The statement 'NRECA is _______ by government funds nor is it an agency of the Federal Government' can be completed with option 2) Not funded. The National Rural Electric Cooperative Association (NRECA) is a private, non-profit organization that represents the interests of electric cooperatives. Electric cooperatives are member-owned and are established to provide electric service in rural areas where for-profit utilities found it unprofitable to serve. These cooperatives are not directly funded by government funds, nor are they managed by the federal government, making the complete statement: 'NRECA is not funded by government funds nor is it an agency of the Federal Government.'