§ 290i-10. — Authorization of United States subscription to stock; 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: 22USC290i-10]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
SUBCHAPTER XXIV--AFRICAN DEVELOPMENT BANK
Sec. 290i-10. Authorization of United States subscription to
stock; authorization of appropriations
(a) The United States Governor of the Bank is authorized to agree to
subscribe on behalf of the United States to fifty-nine thousand, six
hundred and thirty-two shares of the capital stock of the Bank, except
that the subscription shall be effective only to such extent or in such
amounts as are provided in advance in appropriations Acts.
(b) In order to pay for the United States subscription authorized in
subsection (a) of this section, there are authorized to be appropriated,
without fiscal year limitation, $719,370,633, for payment by the
Secretary of the Treasury.
(Pub. L. 97-35, title XIII, Sec. 1343, as added Pub. L. 100-202,
Sec. 101(e) [title I], Dec. 22, 1987, 101 Stat. 1329-131, 1329-134.)
Codification
Section 1343 of Pub. L. 97-35 is based on section 301 of title III
of H.R. 3750, One Hundredth Congress, as introduced Dec. 11, 1987, and
enacted into law by Pub. L. 100-202.
Fifth General Capital Increase
Pub. L. 106-113, div. B, Sec. 1000(a)(2) [title V, Sec. 594], Nov.
29, 1999, 113 Stat. 1535, 1501A-122, provided in part that the Secretary
of the Treasury may effect the United States participation in the fifth
general capital increase of the African Development Bank, and authorized
$40,847,011 to be appropriated without fiscal year limitation for
payment by the Secretary for paid-in capital of the Bank and
$639,932,485 to be appropriated without fiscal year limitation for
payment by the Secretary for callable capital of the Bank.
