FEDERAL · 22 U.S.C. · Chapter 7
Capital stock increase
Current through Pub. L. 119-102
Title 22 — Foreign Relations and Intercourse·Ch. 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC.·Subch. XI
(a)Subscription authorized
(1)In general
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.
(2)Prior appropriation required
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.
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22 U.S.C. § 282l (Capital stock increase) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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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.)