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7 CFR 771.5

§ 771.5 Loan purposes.

United States · 7 CFR — Agriculture · Status: effective

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7 CFR 771.5, § 771.5 Loan purposes, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/20130
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(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.

Legislative history

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