22 CFR § 201.70 - Purpose.

---
identifier: "/us/cfr/t22/s201.70"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "22 CFR § 201.70 - Purpose."
title_number: 22
title_name: "Foreign Relations"
section_number: "201.70"
section_name: "Purpose."
chapter_name: "AGENCY FOR INTERNATIONAL DEVELOPMENT"
part_number: "201"
part_name: "RULES AND PROCEDURES APPLICABLE TO COMMODITY TRANSACTIONS FINANCED BY USAID"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "22 U.S.C. 2381."
regulatory_source: "55 FR 34232, Aug. 22, 1990, unless otherwise noted."
cfr_part: "201"
---


# 201.70 Purpose.

This subpart sets forth the rights and responsibilities of banks with regard to reimbursement under a letter of commitment opened pursuant to an USAID request. Banks will not be held responsible for the requirements of subparts B, C, D, E (excluding § 201.44(a)(1)), and subpart G except insofar as provisions of these subparts are included in this subpart H or in a letter of commitment issued by USAID to a bank.