[Code of Federal Regulations]

[Title 7, Volume 15]

[Revised as of January 1, 2006]

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

[CITE: 7CFR3015.12]



[Page 108]

 

                          TITLE 7--AGRICULTURE

 

                         CHAPTER XXX--OFFICE OF

                      THE CHIEF FINANCIAL OFFICER,

                        DEPARTMENT OF AGRICULTURE

 

PART 3015_UNIFORM FEDERAL ASSISTANCE REGULATIONS--Table of Contents

 

                       Subpart B_Cash Depositories

 

Sec. 3015.12  Moneys advanced to recipients.



    Any moneys advanced to recipients which are subject to the control 

or regulation of the United States or any of its officers, agents, or 

employees (public moneys as defined in Treasury Circular 176, as 

amended), must be deposited in a bank with Federal Deposit Insurance 

Corporation (FDIC) insurance coverage and the balance exceeding the FDIC 

coverage must be collaterally secured.