1. Regulations
  2. title 22
  3. chapter II
  4. part 230
  5. § 230.11

View all text of Part 230 [§ 230.01 - § 230.16]

§ 230.11 - Subrogation of USAID.

In the event of payment by USAID to a Noteholder under this Guarantee, USAID shall be subrogated to the extent of such payment to all of the rights of such Noteholder against the Borrower under the related Note.

AUTHORITY: Emergency Wartime Supplemental Appropriations Act, 2003, Pub. L. 108-11, as amended by Section 534(p) of the Foreign Operations, Export Financing and Related Programs Appropriations Act, 2005; Division D of the Consolidated Appropriations Act, 2005, Pub. L. 108-447; Section 13(b) of the Department of State Authorities Act, 2006, Pub. L. 109-472; and Section 5(b) of the United States-Israel Enhanced Security Cooperation Act of 2012, Pub. L. 112-150.

SOURCE: 78 FR 66842, Nov. 7, 2013, unless otherwise noted.

CITE AS: 22 CFR 230.11