Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 22 - Foreign Relations |
Chapter II - Agency for International Development |
Part 201 - Rules and Procedures Applicable to Commodity Transactions Financed by USAID |
Subpart I - Rights and Remedies of USAID, and Waiver Authority |
§ 201.85 - Legal effect of USAID approvals and decisions.
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§ 201.85 Legal effect of USAID approvals and decisions.
In any transaction subject to this part 201, USAID may reserve certain rights to approve the transaction for USAID-financing. USAID, in reserving any approval rights, acts solely as a financing entity to assure the proper use of United States Government funds. Any decision by USAID to exercise or refrain from exercising these approval rights shall be made as a financier and shall not be construed as making USAID a party to the contract or incurring any liability to the parties jointly or to any of them.