§ 283o. — Increase in authorized capital stock and additional subscriptions of members thereto; increase in resources of Fund for Special Operations and contributions thereto; United States share; authorization of appropriations.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC283o]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XII--INTER-AMERICAN DEVELOPMENT BANK
Sec. 283o. Increase in authorized capital stock and additional
subscriptions of members thereto; increase in resources of Fund
for Special Operations and contributions thereto; United States
share; authorization of appropriations
(a) The United States Governor of the Bank is hereby authorized to
vote in favor of the two resolutions proposed by the Governors at their
annual meeting in April 1970 and now pending before the Board of
Governors of the Bank, which provide for (1) an increase in the
authorized capital stock to the Bank and additional subscriptions of
members thereto and (2) an increase in the resources of the Fund for
Special Operations and contributions thereto. Upon adoption of such
resolutions the United States Governor is authorized to agree on behalf
of the United States (1) to subscribe to eighty-two thousand three
hundred and fifty-two shares of $10,000 par value of the increase in the
authorized capital stock of the Bank of which sixty-seven thousand three
hundred and fifty-two shall be callable shares and fifteen thousand
shall be paid in and (2) to pay to the Fund for Special Operations an
initial annual installment of $100,000,000 and, upon further
authorization by the Congress two subsequent annual installments of
$450,000,000 each, in accordance with and subject to the terms and
conditions of such resolutions.
(b) There are hereby authorized to be appropriated, without fiscal
year limitation, the amounts necessary for payment by the Secretary of
the Treasury of (1) three annual installments of $50,000,000 each for
the United States subscription to paid-in capital stock of the Bank; (2)
two installments of $336,760,000 each for the United States subscription
to the callable capital stock of the Bank; and (3) one installment of
$100,000,000 for the United States share of the increase in the
resources of the Fund for Special Operations of the Bank.
(Pub. L. 86-147, Sec. 18, as added Pub. L. 91-599, ch. 2, Sec. 21(a),
Dec. 30, 1970, 84 Stat. 1658.)
