CFR > Title 31 - Money and Finance: Treasury > SUBTITLE B—Regulations Relating to Money and Finance > CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY (parts 501 to 598) > PART 596—TERRORISM LIST GOVERNMENTS SANCTIONS REGULATIONS > SUBPART E—Licenses, Authorizations and Statements of Licensing Policy (§596.500 to §596.505) > 596.505—Certain transactions related to stipends and scholarships authorized.

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 § 596.504(a)(2).

Code of Federal Regulations

[61 FR 67944, Dec. 26, 1996]