Underground Feeder Wire OK in Basement?
You can use UF cable any place where you might use NM-B cable indoors.
Art 334 is NM cable
Art 340 is UF cable


NEC 2011
Article 340
Underground Feeder and Branch-Circuit Cable: Type UF
II. Installation
340.10 Uses Permitted
Type UF cable shall be permitted as follows:
(1)    For use underground, including direct burial in the earth. For underground requirements, see 300.5.
(2)    As single-conductor cables. Where installed as single-conductor cables, all conductors of the feeder grounded conductor or branch circuit, including the grounded conductor and equipment grounding conductor, if any, shall be installed in accordance with 300.3.
(3)    For wiring in wet, dry, or corrosive locations under the recognized wiring methods of this Code.
(4)    Installed as nonmetallic-sheathed cable. Where so installed, the installation and conductor requirements shall comply with Parts II and III of Article 334 and shall be of the multiconductor type.*