[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR537.204]



[Page 174]

 

                  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.