§ 283e. — Payment of subscription to Bank and Fund by United States.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC283e]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XII--INTER-AMERICAN DEVELOPMENT BANK
Sec. 283e. Payment of subscription to Bank and Fund by United
States
(a) Authorization of appropriations
There is hereby authorized to be appropriated, without fiscal year
limitation, for the purchase of thirty-five thousand shares of capital
stock in the Bank, $350 million. In addition, there is authorized to be
appropriated, without fiscal year limitation, for payment of the
subscription of the United States to the Fund for Special Operations,
$100 million.
(b) Issuance of special notes
For the purpose of keeping to a minimum the cost to the United
States of participation in the Bank, the Secretary of the Treasury,
after paying the requisite part of the subscription and quota of the
United States in the Bank required to be made under article II, section
4, and article IV, section 3, respectively, of the agreement, is
authorized and directed to issue special notes of the United States from
time to time, at par, and to deliver such notes to the Bank in exchange
for dollars to the extent permitted by the agreement. The special notes
provided for in this subsection shall be issued under the authority and
subject to the provisions of chapter 31 of title 31, and the purposes
for which securities may be issued under that chapter are extended to
include the purposes for which special notes are authorized and directed
to be issued under this subsection, but such notes shall bear no
interest, shall be nonnegotiable, and shall be payable on demand of the
Bank. The face amount of special notes issued to the Bank under the
authority of this subsection and outstanding at any one time shall not
exceed, in the aggregate, the amount of the subscription and quota of
the United States actually paid to the Bank under article II, section 4,
and article IV, section 3, respectively, of the agreement.
(c) Income covered into Treasury
Any payment made to the United States by the Bank as a distribution
of net income shall be covered into the Treasury as a miscellaneous
receipt.
(Pub. L. 86-147, Sec. 7, Aug. 7, 1959, 73 Stat. 300.)
Codification
In subsec. (b), ``chapter 31 of title 31'' and ``that chapter''
substituted 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.
