1. Regulations
  2. title 48
  3. chapter 7
  4. part 732
  5. subpart 732.4
  6. § 732.406-70

View all text of Subpart 732.4 [732.401 - 732.406-74]

732.406-70 - 732.406-70 Agency-issued letters of credit.

This subsection provides guidance on use of USAID issued letters of credit (LOC) for advance payments.

AUTHORITY: Sec. 621, Pub. L. 87-195, 75 Stat. 445, (22 U.S.C. 2381) as amended; E.O. 12163, Sept. 29, 1979, 44 FR 56673; 3 CFR, 1979 Comp., p. 435.

CITE AS: 48 CFR 732.406-70