§ 283m. — Additional increases in resources of the Fund for Special Operations.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC283m]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XII--INTER-AMERICAN DEVELOPMENT BANK
Sec. 283m. Additional increases in resources of the Fund for
Special Operations
(a) Authorization of vote; payment to Fund
The United States Governor of the Bank is hereby authorized to vote
in favor of the resolution entitled ``Increase of $1,200,000,000 in
Resources of Fund for Special Operations'' proposed by the Governors at
their annual meeting in April 1967 and now pending before the Board of
Governors of the Bank. Upon the adoption of such resolution, the United
States Governor is authorized to agree, on behalf of the United States,
to pay to the Fund for Special Operations of the Bank, the sum of
$900,000,000, in accordance with and subject to the terms and conditions
of such resolution, and subject to the further condition that in
consideration of the United States balance-of-payments deficit any local
cost financing, by project or otherwise, with the funds authorized under
this section to be held to the minimum possible level. The United States
Governor is also authorized to vote in favor of the amendment to Annex C
of the agreement, now pending before the Board of Governors of the Bank,
to modify the procedure employed in the election of Executive Directors.
(b) Authorization of appropriations
There is hereby authorized to be appropriated without fiscal year
limitation, for the United States share in the increase in the resources
of the Fund for Special Operations of the Bank, the sum of $900,000,000.
(c) Loan disapproval by the United States
The voting power of the United States shall be exercised for the
purpose of disapproving any loan which might assist the recipient
country directly or indirectly to acquire sophisticated or heavy
military equipment.
(Pub. L. 86-147, Sec. 16, as added Pub. L. 90-88, Sec. 2, Sept. 22,
1967, 81 Stat. 227.)
