[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.''