---
kind: "section"
citation: "22 C.F.R. § 230.11"
title: "22"
number: "230.11"
heading: "Subrogation of USAID."
url: "https://uscodex.org/cfr/22/230.11"
---

# §230.11. Subrogation of USAID.


In the event of payment by USAID to a Noteholder under this Guarantee, USAID shall be subrogated to the extent of such payment to all of the rights of such Noteholder against the Borrower under the related Note.


## Notes

### Authority

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.

### Source

Source: 78 FR 66842, Nov. 7, 2013, unless otherwise noted.