---
kind: "section"
citation: "22 C.F.R. § 201.47"
title: "22"
number: "201.47"
heading: "Use of marine insurance loss proceeds."
url: "https://uscodex.org/cfr/22/201.47"
---

# §201.47. Use of marine insurance loss proceeds.


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](/cfr/22/201.26.md) within a reasonable period after receipt by the importer.


## Notes

### Authority

Authority: 22 U.S.C. 2381.

### Source

Source: 55 FR 34232, Aug. 22, 1990, unless otherwise noted.