(a) Entities eligible to apply for designation as a sponsor of an exchange visitor program are:

(1) United States local, state and federal government agencies;

(2) International agencies or organizations of which the United States is a member and which have an office in the United States; or

( 3 ) Reputable organizations which are "citizens of the United States,'' as that term is defined in Sec. 514.2 .

(b) To be eligible for designation as a sponsor, an entity is required to:

(1) Demonstrate, to the Agency's satisfaction, its ability to comply and remain in continual compliance with all provisions of part 62 ; and

(2) Meet at all times its financial obligations and responsibilities attendant to successful sponsorship of its exchange program.