7 CFR 277.7

§ 277.7 Cash depositories.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 277.7, § 277.7 Cash depositories, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/17883
Permanent ID: ys:prov:17883@1
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Full text

(a) The term “cash depositories” refers to banks or other institutions which maintain accounts where SNAP funds are deposited and from which withdrawals are made to meet administrative costs of the State agency. (b) State agencies are encouraged to use minority owned banks to expand opportunities for minority enterprises. (c) FNS shall not: (1) Require physical segregation in a cash depository of program funds from other State agency funds. (2) Establish any eligibility requirements for cash depositories in which program funds are deposited by the State agency.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.