FEDERAL · 22 U.S.C. · Chapter SUBCHAPTER XI—INTERNATIONAL FINANCE CORPORATION
Capital stock increase
22 U.S.C. § 282l
Title22 — Foreign Relations and Intercourse
ChapterSUBCHAPTER XI—INTERNATIONAL FINANCE CORPORATION
This text of 22 U.S.C. § 282l (Capital stock increase) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
22 U.S.C. § 282l.
Text
(a)Subscription authorized
The United States Governor of the Corporation may—
(A)vote for an increase of 1,000,000 shares in the authorized capital stock of the Corporation; and
(B)subscribe on behalf of the United States to 250,000 additional shares of the capital stock of the Corporation.
The subscription authority provided in paragraph (1) shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.
(b)Limitations on authorization of appropriations
In order to pay for the subscription authorized in subsection (a), there are authorized to be appropriated, without fiscal year limitation, $50,000,000 for payment by the Secretary of the Treasury.
Free access — add to your briefcase to read the full text and ask questions with AI
Source Credit
History
(Aug. 11, 1955, ch. 788, §14, as added Pub. L. 102–145, §125(a), Oct. 28, 1991, as added Pub. L. 102–266, §102, Apr. 1, 1992, 106 Stat. 97.)
Cite This Page — Counsel Stack
Bluebook (online)
22 U.S.C. § 282l, Counsel Stack Legal Research, https://law.counselstack.com/usc/22/282l.