§ 282e. — Payment of subscriptions to Corporation by United States; dividends covered into Treasury.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC282e]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XI--INTERNATIONAL FINANCE CORPORATION
Sec. 282e. Payment of subscriptions to Corporation by United
States; dividends covered into Treasury
(a) Authority of Secretary of the Treasury
The Secretary of the Treasury is authorized to pay the subscription
of the United States to the Corporation and for this purpose is
authorized to use as a public-debt transaction not to exceed $35,168,000
of the proceeds of any securities hereafter issued under chapter 31 of
title 31, and the purposes for which securities may be issued under that
chapter are extended to include such purpose. Payment under this
subsection of the subscription of the United States to the Corporation
and any repayment thereof shall be treated as public-debt transactions
of the United States.
(b) Dividends treated as miscellaneous receipts
Any payment of dividends made to the United States by the
Corporation shall be covered into the Treasury as a miscellaneous
receipt.
(Aug. 11, 1955, ch. 788, Sec. 7, 69 Stat. 670.)
Codification
In subsec. (a), ``chapter 31 of title 31'' and ``that chapter''
substituted for ``the Second Liberty Bond Act, as amended'' and ``that
Act'', respectively, on authority of Pub. L. 97-258, Sec. 4(b), Sept.
13, 1982, 96 Stat. 1067, the first section of which enacted Title 31,
Money and Finance.
