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22 CFR 235.11

§ 235.11 Subrogation of USAID.

United States · 22 CFR — Foreign Relations · Status: effective

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22 CFR 235.11, § 235.11 Subrogation of USAID, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/94693
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In the event of payment by USAID to a Noteholder under the 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.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.