§ 285u. — Additional contribution to special funds.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC285u]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XIV--ASIAN DEVELOPMENT BANK
Sec. 285u. Additional contribution to special funds
(a) United States share
The United States Governor of the Bank is authorized to contribute
on behalf of the United States $378,250,000 to the Asian Development
Fund, a special fund of the Bank, except that any commitment to make
such contribution shall be made subject to obtaining the necessary
appropriations.
(b) Authorization of appropriations; maximum available for certain years
In order to pay for the United States contribution to the Asian
Development Fund provided for in this section, there are authorized to
be appropriated, without fiscal year limitation, $378,250,000 for
payment by the Secretary of the Treasury: Provided, however, That not
more than $111,250,000 of such sum may be made available for the fiscal
year 1982, and not more than $44,500,000 of such sum may be made
available for the fiscal year 1983.
(c) Funding requirements
For the purpose of keeping to a minimum the cost to the United
States, the Secretary of the Treasury--
(1) shall pay the United States contribution to the Asian
Development Fund authorized by this section by letter of credit in
four annual installments; and
(2) shall take the steps necessary to obtain a certification
from the Bank that any undisbursed balances resulting from drawdowns
on such letter of credit will not exceed at any time the United
States share of expected disbursement requirements for the following
three-month period.
(Pub. L. 89-369, Sec. 24, as added Pub. L. 96-259, title II, Sec. 201,
June 3, 1980, 94 Stat. 430; amended Pub. L. 97-35, title XIII,
Sec. 1352(b), Aug. 13, 1981, 95 Stat. 744.)
Amendments
1981--Subsec. (b). Pub. L. 97-35 inserted provision limiting amount
of appropriations for fiscal years 1982 and 1983.
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.
