[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR537.204]

[Page 676]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
 
PART 537--BURMESE SANCTIONS REGULATIONS--Table of Contents
 
                         Subpart B--Prohibitions
 
Sec. 537.204  Exempt transactions.

    Nothing in this part shall be construed to prohibit the entry into, 
performance of, or financing of a contract to sell or purchase goods, 
services, or technology, except:
    (a) Where the entry into such a contract on or after the effective 
date is for the general supervision and guarantee of another person's 
performance of a contract for the economic development of resources 
located in Burma; or
    (b) Where such contract provides for payment, in whole or in part, 
in:
    (1) Shares of ownership, including an equity interest, in the 
economic development of resources located in Burma; or
    (2) Participation in royalties, earnings, or profits in the economic 
development of resources located in Burma.
    Note to Sec. 537.204: The term economic development of resources 
located in Burma is defined in Sec. 537.301 to exclude not-for-profit 
educational, health or other humanitarian programs or activities.