§ 283ff. — Subscription of stock.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC283ff]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XII-A--INTER-AMERICAN INVESTMENT CORPORATION
Sec. 283ff. Subscription of stock
(a) Secretary of the Treasury as subscribing authority
The Secretary of the Treasury is authorized to subscribe on behalf
of the United States to five thousand one hundred shares of the capital
stock of the Corporation: Provided, however, That the subscription shall
be effective only to such extent or in such amounts as are provided in
advance in appropriations Acts.
(b) Authorization of appropriations
There is authorized to be appropriated, without fiscal year
limitation, for payment by the Secretary of the Treasury of the
subscription of the United States for those shares, $51,000,000.
(c) Disposition of dividends
Any payment of dividends made to the United States by the
Corporation shall be deposited into the Treasury as a miscellaneous
receipt.
(Pub. L. 98-473, title I, Sec. 101(1) [title I], Oct. 12, 1984, 98 Stat.
1884, 1885.)
Codification
Section is based on section 207 of title II of S. 2416, Ninety-
eighth Congress, as introduced Mar. 13, 1984, and enacted into law by
Pub. L. 98-473.
First General Capital Increase
Pub. L. 106-113, div. B, Sec. 1000(a)(2) [title V, Sec. 594], Nov.
29, 1999, 113 Stat. 1535, 1501A-122, provided in part that the Secretary
of the Treasury may effect the United States participation in the first
general capital increase of the Inter-American Investment Corporation,
and authorized $125,180,000 to be appropriated without fiscal year
limitation for payment by the Secretary for paid-in capital of the
Corporation.
