7 CFR 1488.20 - Officials not to benefit.

Regulations last checked for updates: May 01, 2025

Title 7 - Agriculture last revised: Apr 24, 2025

View all text of Subpart A [§ 1488.1 - § 1488.23]

§ 1488.20 - Officials not to benefit.

No member of or delegate to Congress, or Resident Commissioner, shall be admitted to any share or part of the financing agreement or to any benefit that may arise therefrom, but this provision shall not be construed to extend to the financing agreement if made with a corporation for its general benefit.

authority: Sec. 5(f), 62 Stat. 1072 (15 U.S.C. 714c) and sec. 4(a), 80 Stat. 1538, as amended by sec. 101, 92 Stat. 1685 (7 U.S.C. 1707a(a))

cite as: 7 CFR 1488.20