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If the event applies for (and is granted) a USAC permit, than it is a USAC sanctioned event. USAC sanctions not only races, but also training rides and camps, club rides, and yes, even centuries.
The vast majority of centuries, fun rides and charity events are run outside of the USAC system. But for some reason, the Grand Fondo in question decided to apply for a USAC permit, so it is a sanctioned USAC event, and USAC rules apply.
This current debacle is largely of the making of the Grand Fondo organizers, who apparently didn't think ahead when they decided to make it a USAC event.
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