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Title 7 Part 1221 → Subpart A → §1221.115

Title 7 → Subtitle B → Chapter XI → Part 1221 → Subpart A → §1221.115

Electronic Code of Federal Regulations e-CFR

Title 7 Part 1221 → Subpart A → §1221.115

e-CFR data is current as of June 18, 2019

Title 7Subtitle BChapter XIPart 1221Subpart A → §1221.115


Title 7: Agriculture
PART 1221—SORGHUM PROMOTION, RESEARCH, AND INFORMATION ORDER
Subpart A—Sorghum Promotion, Research, and Information Order


§1221.115   Investment of funds.

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.