§ 771.5 Loan purposes.
Current through Jul 29, 2026 · Read all of Part 771
(a) Loan funds may be used for any purpose directly related to boll weevil eradication activities, including, but not limited to:
(1) Purchase or lease of supplies and equipment;
(2) Operating expenses, including but not limited to, travel and office operations;
(3) Salaries and benefits.
(b) Loan funds may not be used to pay expenses incurred for lobbying, public relations, or related activities, or to pay interest on loans from the Agency.