31 CFR § 596.505 - Certain transactions related to stipends and scholarships authorized.

Date issued: Dec. 26 1996

TURBOFAC Commentary (101 words)

Notes:

1) Refer to General Note on the TLGSR and Their Current Practical Effect.

2) On 12-14-2020, Sudan was removed from the SST list, meaning that 596.505 no longer applied with respect to Sudan, notwithstanding that OFAC tool until 5-20-2021 to amend the provision to remove the references to Sudan. This GL serves to authorize transactions that would otherwise be prohibited by 596.201. 596.201 applies to certain financial transactions with a government of a "country [that] is designated under section 6(j) of the Export Administration Act, 50 U.S.C. App. 2405," and Sudan no longer meets that criterion.