[Code of Federal Regulations]
[Title 22, Volume 1]
[Revised as of April 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 22CFR201.14]

[Page 738]
 
                       TITLE 22--FOREIGN RELATIONS
 
            CHAPTER II--AGENCY FOR INTERNATIONAL DEVELOPMENT
 
PART 201--RULES AND PROCEDURES APPLICABLE TO COMMODITY TRANSACTIONS FINANCED BY USAID--Table of Contents
 
     Subpart B--Conditions Governing the Eligibility of Procurement 
                    Transactions for USAID Financing
 
Sec. 201.14  Eligibility of bid and performance bonds and guaranties.

    The cost of any bid bond or guaranty posted by a successful bidder 
or of any performance bond or guaranty posted by a supplier is eligible 
for financing under the implementing document, provided that the bond or 
guaranty conforms to the requirements of the invitation for bids or the 
contract, as applicable, and to the extent that the principal amount of 
the bond or guaranty does not exceed the amount customary in 
international trade for the type of transaction and commodity involved. 
Bonds or guaranties may be payable in U.S. dollars, or a freely 
convertible currency or local currency, and shall be posted in favor of 
the purchaser. Nationality requirements for sureties, insurance 
companies or banks who issue bonds or guaranties under USAID-financed 
transactions are set forth in Sec. 228.38(b) of this chapter.

[55 FR 34232, Aug. 22, 1990, as amended at 62 FR 38027, July 16, 1997]