§ 285x. — Additional subscription to shares.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC285x]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XIV--ASIAN DEVELOPMENT BANK
Sec. 285x. Additional subscription to shares
(a) United States share
(1) The United States Governor of the Bank is authorized to
subscribe on behalf of the United States to one hundred twenty-three
thousand three hundred and seventy-five additional shares of the capital
stock of the Bank.
(2) Any subscription to the capital stock of the Bank shall be
effective only to such extent or in such amounts as are provided in
advance in appropriation Acts.
(b) Authorization of appropriations
In order to pay for the increase in the United States subscription
to the Bank provided for in subsection (a) of this section, there are
authorized to be appropriated, without fiscal year limitation,
$1,322,999,476 for payment by the Secretary of the Treasury.
(c) Continued membership of Republic of China in Bank
(1) The Congress hereby finds that--
(A) the Republic of China (Taiwan) is a charter member in good
standing of the Asian Development Bank;
(B) the Republic of China has grown from a borrower to a lender
in the Asian Development Bank; and
(C) the Republic of China provides, through its economic
success, a model for other nations in Asia.
(2) It is the sense of the Congress that--
(A) Taiwan, Republic of China, should remain a full member of
the Asian Development Bank, and that its status within that body
should remain unaltered no matter how the issue of the People's
Republic of China's application for membership is disposed of;
(B) the President and the Secretary of State should express
support of Taiwan, Republic of China, making it clear that the
United States will not countenance attempts to expel Taiwan,
Republic of China, from the Asian Development Bank; and
(C) the Secretary of the Senate and Clerk of the House shall
transmit a copy of this resolution to the President with the request
that he transmit such copy to the Board of Governors of the Asian
Development Bank.
(Pub. L. 89-369, Sec. 27, as added Pub. L. 98-181, title X, Sec. 1002,
Nov. 30, 1983, 97 Stat. 1285.)
