[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: 22CFR201.41]

[Page 747]
 
                       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 E--General Provisions Relating to USAID Financing of Commodities 
                     and Commodity-Related Services
 
Sec. 201.41  Audit and inspection.

    The borrower/grantee shall maintain records adequate to document the 
arrival and disposition in the cooperating country of all commodities 
financed by USAID, and to identify the importer (or the first purchaser 
or transferee if the commodity is imported by the borrower/grantee) for 
a period of 3 years following the date of payment or reimbursement by 
USAID or for such other period as USAID and the borrower/grantee agree. 
In addition, the borrower/grantee or the importer shall, to the extent 
either exercises control or custody over the commodities, permit USAID 
or any of its authorized representatives at all reasonable times during 
the 3-year or other agreed period to inspect the commodities at any 
point, including the point of use, and to inspect all records and 
documents pertaining to such commodities.