22 CFR 201.47 - Use of marine insurance loss proceeds.
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The borrower/grantee shall pay promptly to USAID a sum equal to the proceeds received by an importer or its assignee in settlement of a marine insurance claim under a marine insurance policy financed pursuant to this part 201, if such proceeds are not expended in the manner provided by § 201.26 within a reasonable period after receipt by the importer.
Title 22 published on 2013-04-01
no entries appear in the Federal Register after this date.