Regulations last checked for updates: Nov 22, 2024

Title 7 - Agriculture last revised: Nov 20, 2024
All TitlesTitle 7Chapter XIVPart 1488Subpart A - Subpart A—Financing of Export Sales of Agricultural Commodities From Private Stocks Under CCC Export Credit Sales Program (GSM-5)
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
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