[Code of Federal Regulations]
[Title 7, Volume 2]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR46.7]

[Page 262-263]
 
                          TITLE 7--AGRICULTURE
 
                        DEPARTMENT OF AGRICULTURE
 
PART 46_REGULATIONS (OTHER THAN RULES OF PRACTICE) UNDER THE 
PERISHABLE AGRICULTURAL COMMODITIES ACT, 1930--Table of Contents
 
Sec. 46.7  Issuance of license.

    Upon receipt of a valid application accompanied by the proper fee 
for a license, and bond, if required, the Director shall, if the 
applicant is found to be eligible, issue a license certifying that the 
licensee is authorized to engage in the business of a commission 
merchant, dealer, or broker. All fees, and any additional sums assessed 
by the Director in accordance with the Act,

[[Page 263]]

shall be deposited in a special fund designated as the ``Perishable 
Agricultural Commodities Act fund.''