§ 286e-1h. — Increase of subscription of stock; authority of United States Governor of Bank; authorization of appropriations.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC286e-1h]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XV--INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION
AND DEVELOPMENT
Sec. 286e-1h. Increase of subscription of stock; authority of
United States Governor of Bank; authorization of appropriations
(a) The United States Governor of the Bank is authorized--
(1) to vote to increase by three hundred and sixty-five thousand
shares the authorized capital stock of the Bank; and
(2) to subscribe on behalf of the United States to not more than
seventy-three thousand and ten shares of the capital stock of the
Bank: Provided, however, That not more than seven and one-half
percent ($658,305,195) of the price of the shares subscribed may be
paid in to the Bank on subscription, with the remainder of that
price ($8,149,256,155) being subject to call only when a call on
unpaid subscriptions is required to meet obligations of the Bank for
funds borrowed or on loans guaranteed by it and not for use by the
Bank in its lending activities or for administrative expenses:
Provided further, That any subscription to such additional shares
shall be effective only to such extent or in such amounts as are
provided in advance in appropriations Acts.
(b) In order to pay for the paid-in portion of the United States
subscription to the Bank provided for in this section, there is
authorized to be appropriated, without fiscal year limitation,
$658,305,195 for payment by the Secretary of the Treasury: Provided,
however, That not more than $109,720,549 of such sum may be made
available for each of the fiscal years 1982, 1983, and 1984.
(July 31, 1945, ch. 339, Sec. 39, as added Pub. L. 97-35, title XIII,
Sec. 1311, Aug. 13, 1981, 95 Stat. 740.)
Effective Date
Section effective Aug. 13, 1981, except that any funds authorized to
be appropriated shall not be available for use or obligation prior to
Oct. 1, 1981, see section 1372 of Pub. L. 97-35, set out as a note under
section 290i of this title.
