---identifier: "/us/cfr/t22/s230.03"source: "ecfr"legal_status: "authoritative_unofficial"title: "22 CFR § 230.03 - The Guarantee."title_number: 22title_name: "Foreign Relations"section_number: "230.03"section_name: "The Guarantee."chapter_name: "AGENCY FOR INTERNATIONAL DEVELOPMENT"part_number: "230"part_name: "ISRAEL LOAN GUARANTEES ISSUED UNDER THE EMERGENCY WARTIME SUPPLEMENTAL APPROPRIATIONS ACT OF 2003, PUB. L. 108-11—STANDARD TERMS AND CONDITIONS"positive_law: falsecurrency: "2026-03-24"last_updated: "2026-03-24"format_version: "1.1.0"generator: "[email protected]"authority: "Emergency Wartime Supplemental Appropriations Act, 2003, Pub. L. 108-11, as amended by Section 534(p) of the Foreign Operations, Export Financing and Related Programs Appropriations Act, 2005; Division D of the Consolidated Appropriations Act, 2005, Pub. L. 108-447; Section 13(b) of the Department of State Authorities Act, 2006, Pub. L. 109-472; and Section 5(b) of the United States-Israel Enhanced Security Cooperation Act of 2012, Pub. L. 112-150."regulatory_source: "78 FR 66842, Nov. 7, 2013, unless otherwise noted."cfr_part: "230"---
Identifier
/us/cfr/t22/s230.03
Currency
2026-03-24
Positive Law
No
Updated
2026-03-24
Chapter
Agency for International Development
Authority
Emergency Wartime Supplemental Appropriations Act, 2003, Pub. L. 108-11, as amended by Section 534(p) of the Foreign Operations, Export Financing and Related Programs Appropriations Act, 2005; Divisio... Emergency Wartime Supplemental Appropriations Act, 2003, Pub. L. 108-11, as amended by Section 534(p) of the Foreign Operations, Export Financing and Related Programs Appropriations Act, 2005; Division D of the Consolidated Appropriations Act, 2005, Pub. L. 108-447; Section 13(b) of the Department of State Authorities Act, 2006, Pub. L. 109-472; and Section 5(b) of the United States-Israel Enhanced Security Cooperation Act of 2012, Pub. L. 112-150.
# 230.03 The Guarantee.Subject to these terms and conditions, the United States of America, acting through USAID, guarantees to Noteholders the Borrower's repayment of 100 percent of principal and interest due on Eligible Notes. Under this Guarantee, USAID agrees to pay to any Noteholder compensation in Dollars equal to such Noteholder's Loss of Investment under its Eligible Note; provided, however, that no such payment shall be made to any Noteholder for any such loss arising out of fraud or misrepresentation for which such Noteholder is responsible or of which it had knowledge at the time it became such Noteholder. This Guarantee shall apply to each Eligible Note registered on the Note Register required to be maintained by the Fiscal Agent.