Regulations last checked for updates: May 03, 2024

Title 22 - Foreign Relations last revised: Apr 24, 2024
§ 234.12 - Prosecution of claims.

After payment by USAID to an Applicant hereunder, USAID shall have exclusive power to prosecute all claims related to rights to receive payments under the Eligible Notes to which it is thereby subrogated. If a Noteholder continues to have an interest in the outstanding Eligible Notes, such a Noteholder and USAID shall consult with each other with respect to their respective interests in such Eligible Notes and the manner of and responsibility for prosecuting claims.

authority: Pub. L. 113-95, 128 Stat. 1088
source: 79 FR 26834, May 12, 2014, unless otherwise noted.
cite as: 22 CFR 234.12