7 CFR 1221.115
§ 1221.115 Investment of funds.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 1221.115, § 1221.115 Investment of funds, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/24838
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Full text
The Board may invest, pending disbursement, funds it receives under this subpart, only in obligations of the United States or any agency of the United States; general obligations of any State or any political subdivision of a State; interest bearing accounts or certificates of deposit of financial institutions that are members of the Federal Reserve system; or obligations that are fully guaranteed as to principal and interest by the United States.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.