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Code · CFR · Title 22 — Foreign Relations · Part 201 — Rules and Procedures Applicable to Commodity Transactions Financed by USAID · § 201.85

§ 201.85. Legal effect of USAID approvals and decisions.

86 words·~1 min read·/us/cfr/t22/s§ 201.85·

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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.
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