22 U.S.C. § §283ff. Subscription of stock — §283ff. Subscription of stock

FEDERAL · 22 U.S.C. · Chapter SUBCHAPTER XII–A—INTER-AMERICAN INVESTMENT CORPORATION

§283ff. Subscription of stock

22 U.S.C. § §283ff. Subscription of stock

Title22 — Foreign Relations and Intercourse

ChapterSUBCHAPTER XII–A—INTER-AMERICAN INVESTMENT CORPORATION

This text of 22 U.S.C. § §283ff. Subscription of stock (§283ff. Subscription of stock) 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.

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22 U.S.C. § §283ff. Subscription of stock.

Text

(a)Secretary of the Treasury as subscribing authority The Secretary of the Treasury is authorized to subscribe on behalf of the United States to five thousand one hundred shares of the capital stock of the Corporation: Provided, however, That the subscription shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.

(b)Authorization of appropriations There is authorized to be appropriated, without fiscal year limitation, for payment by the Secretary of the Treasury of the subscription of the United States for those shares, $51,000,000.

(c)Disposition of dividends Any payment of dividends made to the United States by the Corporation shall be deposited into the Treasury as a miscellaneous receipt.

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(a) Secretary of the Treasury as subscribing authority
The Secretary of the Treasury is authorized to subscribe on behalf of the United States to five thousand one hundred shares of the capital stock of the Corporation: Provided, however, That the subscription shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.
(b) Authorization of appropriations
There is authorized to be appropriated, without fiscal year limitation, for payment by the Secretary of the Treasury of the subscription of the United States for those shares, $51,000,000.
(c) Disposition of dividends
Any payment of dividends made to the United States by the Corporation shall be deposited into the Treasury as a miscellaneous receipt.

Source Credit

History

(Pub. L. 98–473, title I, §101(1) [title I], Oct. 12, 1984, 98 Stat. 1884, 1885.)

Editorial Notes

Editorial Notes

Codification
Section is based on section 207 of title II of S. 2416, Ninety-eighth Congress, as introduced Mar. 13, 1984, and enacted into law by Pub. L. 98–473.

Statutory Notes and Related Subsidiaries

First General Capital Increase
Pub. L. 106–113, div. B, §1000(a)(2) [title V, §594], Nov. 29, 1999, 113 Stat. 1535, 1501A–122, provided in part that the Secretary of the Treasury may effect the United States participation in the first general capital increase of the Inter-American Investment Corporation, and authorized $125,180,000 to be appropriated without fiscal year limitation for payment by the Secretary for paid-in capital of the Corporation.

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