§ 286e-7. — Supplementary Financing Facility.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC286e-7]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XV--INTERNATIONAL MONETARY FUND AND BANK FOR RECONSTRUCTION
AND DEVELOPMENT
Sec. 286e-7. Supplementary Financing Facility
(a) Availability of resources
For the purpose of participation of the United States in the
Supplementary Financing Facility (hereinafter referred to as the
``facility'') established by the decision numbered 5508-(77/127) of the
Executive Directors of the Fund, the Secretary of the Treasury is
authorized to make resources available as provided in the decision
numbered 5509-(77/127) of the Fund, in an amount not to exceed the
equivalent of 1,450 million Special Drawing Rights.
(b) Adjustments in the value of monetary assets
The Secretary of the Treasury shall account, through the fund
established by section 5302 of title 31, for any adjustment in the value
of monetary assets held by the United States in respect of United States
participation in the facility.
(c) Authorization of appropriations
Notwithstanding any other provision of this section, the authority
of the Secretary to enter into agreements making resources available
under this section shall be limited to such amounts as are appropriated
in advance in appropriation Acts. Effective October 1, 1978, there are
hereby authorized to be appropriated to the Secretary of the Treasury,
without fiscal year limitation, such sums as are necessary to carry out
subsection (a) of this section, but not to exceed an amount of dollars
equivalent to 1,450 million Special Drawing Rights.
(July 31, 1945, ch. 339, Sec. 28, as added Pub. L. 95-435, Sec. 1, Oct.
10, 1978, 92 Stat. 1051.)
Codification
In subsec. (b), ``section 5302 of title 31'' substituted for
``section 10 of the Gold Reserve Act of 1934, as amended (31 U.S.C.
822a)'' on authority of Pub. L. 97-258, Sec. 4(b), Sept. 13, 1982, 96
Stat. 1067, the first section of which enacted Title 31, Money and
Finance.
