[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: 31CFR596.505]



[Page 479]

 

                  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]