§ 286m. — Amount of loan; publicdebt transaction; disposition of interest payments.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC286m]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XV--INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION
AND DEVELOPMENT
Sec. 286m. Amount of loan; public-debt transaction; disposition
of interest payments
For the purpose of carrying out the agreement dated December 6,
1945, between the United States and the United Kingdom, the Secretary of
the Treasury is authorized to use as a public-debt transaction not to
exceed $3,750,000,000 of the proceeds of any securities issued after
July 15, 1946, under chapter 31 of title 31, and the purposes for which
securities may be issued under that chapter are extended to include such
purpose. Payments to the United Kingdom under this section and section
286l of this title and pursuant to the agreement and repayments thereof
shall be treated as public-debt transactions of the United States.
Payments of interest to the United States under the agreement shall be
covered into the Treasury as miscellaneous receipts.
(July 15, 1946, ch. 577, Sec. 2, 60 Stat. 535.)
References in Text
Agreement dated December 6, 1945, between the United States and the
United Kingdom, referred to in text, is set out as a note under section
286l of this title.
Codification
``Chapter 31 of title 31'' and ``that chapter'' substituted in text
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.
Section was not enacted as a part of act July 31, 1945, ch. 339, 59
Stat. 512, known as the Bretton Woods Agreement Act, which comprises
this subchapter.
