§ 290g-11. — Additional authorization for payment of United States contribution.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC290g-11]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XXII--AFRICAN DEVELOPMENT FUND
Sec. 290g-11. Additional authorization for payment of United
States contribution
(a) United States share
The United States Governor of the Fund is authorized to contribute
on behalf of the United States $125,000,000 to the Fund as the United
States contribution to the second replenishment of the resources of the
Fund, except that any commitment to make such contribution shall be made
subject to obtaining the necessary appropriations.
(b) Authorization of appropriations
In order to pay for the United States contribution provided for in
this section, there is authorized to be appropriated, without fiscal
year limitation, $125,000,000 for payment by the Secretary of the
Treasury.
(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 African
Development Fund authorized by this section by letter of credit in
three annual installments; and
(2) shall take the steps necessary to obtain a certification
from the Fund that any undisbursed balances resulting from draw-
downs 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. 94-302, title II, Sec. 212, as added Pub. L. 96-259, title III,
Sec. 301(2), June 3, 1980, 94 Stat. 430.)
