Regulations last checked for updates: May 03, 2024

Title 7 - Agriculture last revised: Nov 16, 2024
§ 771.5 - Loan purposes.

(a) Loan funds may be used for any purpose directly related to boll weevil eradication activities, including, but not limited to:

(1) Purchase or lease of supplies and equipment;

(2) Operating expenses, including but not limited to, travel and office operations;

(3) Salaries and benefits.

(b) Loan funds may not be used to pay expenses incurred for lobbying, public relations, or related activities, or to pay interest on loans from the Agency.

authority: 5 U.S.C. 301; 7 U.S.C. 1989; and Pub. L. 104-180, 110 Stat. 1569
source: 67 FR 59771, Sept. 24, 2002, unless otherwise noted.
cite as: 7 CFR 771.5