Complex sentence: State regulations prohibited McDougal from investing more than 6% of his S&L assets in the project, so he put in $600,000 of Madison Guaranty money and had Seth Ward put in the difference, $1.15 million.
Split into simpler sentences: State regulations prohibited Jim McDougal from investing more than 6% of his S&L assets in the project. So, he put in $600,000 of Madison money and then for the difference had Seth Ward put in the remaining $1.15 million.