---
kind: "section"
citation: "7 C.F.R. § 771.5"
title: "7"
number: "771.5"
heading: "Loan purposes."
url: "https://uscodex.org/cfr/7/771.5"
---

# §771.5. Loan purposes.

- (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.

## Notes

### Authority

Authority: 5 U.S.C. 301; 7 U.S.C. 1989; and Pub. L. 104-180, 110 Stat. 1569.

### Source

Source: 67 FR 59771, Sept. 24, 2002, unless otherwise noted.