§ 285. — Acceptance of membership by United States in Asian Development Bank.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC285]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XIV--ASIAN DEVELOPMENT BANK
Sec. 285. Acceptance of membership by United States in Asian
Development Bank
The President is hereby authorized to accept membership for the
United States in the Asian Development Bank (hereinafter referred to as
the ``Bank'') provided for by the agreement establishing the Bank
(hereinafter referred to as the ``agreement'') deposited in the archives
of the United Nations.
(Pub. L. 89-369, Sec. 2, Mar. 16, 1966, 80 Stat. 71.)
Short Title
Section 1 of Pub. L. 89-369 provided: ``That this Act [enacting this
subchapter and amending section 24 of Title 12, Banks and Banking] may
be cited as the `Asian Development Bank Act'.''
Par Value Modification
For Congressional direction that the Secretary of the Treasury
maintain the value in terms of gold of the Asian Development Bank's
holdings of United States dollars following the establishment of a par
value of the dollar at $38 for a fine troy ounce of gold pursuant to the
Par Value Modification Act and for the authorization of the
appropriations necessary to provide such maintenance of value, see
section 5152 of Title 31, Money and Finance.
