§ 283z-3. — Increase in authorized capital stock of Bank and increases 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: 22USC283z-3]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XII--INTER-AMERICAN DEVELOPMENT BANK
Sec. 283z-3. Increase in authorized capital stock of Bank and
increases in resources of Fund for Special Operations; United
States share; authorization of appropriations
(a)(1) The United States Governor of the Bank is authorized to vote
for resolutions--
(A) which were proposed by the Governors at a special meeting in
February 1983;
(B) which are pending before the Board of Governors of the Bank;
and
(C) which provide for--
(i) an increase in the authorized capital stock of the Bank
and subscriptions thereto; and
(ii) an increase in the resources of the Fund for Special
Operations and contributions thereto.
(2)(A) Upon adoption of the resolutions specified in paragraph (1),
the United States Governor of the Bank is authorized on behalf of the
United States to--
(i) subscribe to 427,396 shares of the increase in the
authorized capital stock of the Bank; and
(ii) contribute $350,000,000 to the Fund for Special Operations.
(B) Any commitment to make such subscriptions to paid-in and
callable capital stock and to make such contributions to the Fund for
Special Operations shall be effective only to such extent or in such
amounts as are provided in advance in appropriation Acts.
(b) In order to pay for the increase in the United States
subscription and contribution provided for in this section, there are
authorized to be appropriated, without fiscal year limitation, for
payment by the Secretary of the Treasury--
(1) $5,155,862,744 for the United States subscriptions to the
capital stock of the Bank; and
(2) $350,000,000 for the United States share of the increase in
the resources of the Fund for Special Operations.
(Pub. L. 86-147, Sec. 31, as added Pub. L. 98-181, title X, Sec. 1001,
Nov. 30, 1983, 97 Stat. 1284.)
