1. Regulations
  2. title 22
  3. chapter II
  4. part 233
  5. § 233.11

View all text of Part 233 [§ 233.01 - § 233.16]

§ 233.11 - 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: Title III of the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2012, Division I, Pub. L. 112-74, as applied to fiscal year 2013 funding by section 1706(j) of the Further Continuing Appropriations Act, 2013, Division F, Pub. L. 113-6.

SOURCE: 78 FR 64175, Oct. 28, 2013, unless otherwise noted.

CITE AS: 22 CFR 233.11