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