§ 283w. — Increase in authorized capital stock of Bank and increase in resources of Fund for Special Operations; 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: 22USC283w]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XII--INTER-AMERICAN DEVELOPMENT BANK
Sec. 283w. Increase in authorized capital stock of Bank and
increase in resources of Fund for Special Operations; United
States share; authorization of appropriations
(a) The United States Governor of the Bank is hereby authorized to
vote in favor of two resolutions proposed by the Governors at a special
meeting in July 1975, and now pending before the Board of Governors of
the Bank, which provide for (1) an increase in the authorized capital
stock of 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 ninety-nine thousand four hundred and seventy-four
shares of $10,000 par value of the increase in the authorized capital
stock of the Bank of which eighty-nine thousand five hundred and twenty-
six shall be callable shares and nine thousand nine hundred and forty-
eight shall be paid in and (2) to contribute to the Fund for Special
Operations $600,000,000, 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) $1,199,997,873 for the United States subscription to
the capital stock of the Bank and (2) $600,000,000 for the United States
share of the increase in the resources of the Fund for Special
Operations: Provided, however, That not more than $15,677,000 may be
made available to the Fund for Special Operations for the fiscal year
1982.
(Pub. L. 86-147, Sec. 26, as added Pub. L. 94-302, title I, Sec. 101,
May 31, 1976, 90 Stat. 591; amended Pub. L. 97-35, title XIII,
Sec. 1351(c), Aug. 13, 1981, 95 Stat. 744.)
Amendments
1981--Subsec. (b). Pub. L. 97-35 inserted provision limiting amount
of appropriations available for Fund for Special Operations for fiscal
year 1982.
Effective Date of 1981 Amendment
Amendment by Pub. L. 97-35 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 an Effective Date note under section 290i of this title.
