22 U.S.C. § 286e–1h — Increase of subscription of stock; authority of United States Governor of Bank; authorization of appropriations

FEDERAL · 22 U.S.C. · Chapter 7

Increase of subscription of stock; authority of United States Governor of Bank; authorization of appropriations

22 U.S.C. § 286e–1h

Title22 — Foreign Relations and Intercourse

Chapter7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC.

SubchapterXV

Current throughPub. L. 119-99

This text of 22 U.S.C. § 286e–1h (Increase of subscription of stock; authority of United States Governor of Bank; authorization of appropriations) 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. § 286e–1h.

Text

(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 subscri

Free access — add to your briefcase to read the full text and ask questions with AI

(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.

Source Credit

History

(July 31, 1945, ch. 339, §39, as added Pub. L. 97–35, title XIII, §1311, Aug. 13, 1981, 95 Stat. 740.)

Editorial Notes

Statutory Notes and Related Subsidiaries

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.

Cite This Page — Counsel Stack

Bluebook (online)

22 U.S.C. § 286e–1h, Counsel Stack Legal Research, https://law.counselstack.com/usc/22/286e–1h.