[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: 31CFR596.505]

[Page 953]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
 CHAPTER V--OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY
 
PART 596--TERRORISM LIST GOVERNMENTS SANCTIONS REGULATIONS--Table of Contents
 
 Subpart E--Licenses, Authorizations and Statements of Licensing Policy
 
Sec. 596.505  Certain transactions related to stipends and scholarships authorized.

    (a) United States persons are authorized to engage in all financial 
transactions with respect to stipends and scholarships covering tuition 
and related educational, living and travel expenses provided by the 
Government of Syria to Syrian nationals or the Government of Sudan to 
Sudanese nationals who are enrolled as students in an accredited 
educational institution in the United States. Representations made by an 
accredited educational institution concerning the status of a student 
maybe relied upon in determining the applicability of this section.
    (b) Nothing in this section authorizes a transaction prohibited by 
Sec. 596.504(a)(2).

[61 FR 67944, Dec. 26, 1996]