22-U.S.C.-282E
§282E – Payment of Subscriptions to Corporation By United States; Dividends Covered Into Treasury
Pathway
Title 22 > Chapter 7 > Subchapter XI > Section 282e
Details
- Reference: Section 282e
- Legend: §282E – Payment of Subscriptions to Corporation By United States; Dividends Covered Into Treasury
- USCode Year: 2013
Provision Content
(a) Authority of Secretary of the Treasury
The Secretary of the Treasury is authorized to pay the subscription of the United States to the Corporation and for this purpose is authorized to use as a public-debt transaction not to exceed $35,168,000 of the proceeds of any securities hereafter issued under chapter 31 of title 31, and the purposes for which securities may be issued under that chapter are extended to include such purpose. Payment under this subsection of the subscription of the United States to the Corporation and any repayment thereof shall be treated as public-debt transactions of the United States.
(b) Dividends treated as miscellaneous receipts
Any payment of dividends made to the United States by the Corporation shall be covered into the Treasury as a miscellaneous receipt.
(Aug. 11, 1955, ch. 788, §7, 69 Stat. 670.)
Codification
In subsec. (a), chapter 31 of title 31 and that chapter substituted for the Second Liberty Bond Act, as amended and that Act, respectively, on authority of Pub. L. 97–258, §4(b), Sept. 13, 1982, 96 Stat. 1067, the first section of which enacted Title 31, Money and Finance.
U.S. Encyclopedia of Law Coverage
22-U.S.C.-280H in the Legal Encyclopedia: Foreign Relations
In this entry about 22-U.S.C.-280H, find legal reference material, bibliographies and premiere content related to foreign relations in the American Encyclopedia of Law, presenting a comprehensive view of the United States foreign relations-specific issues, written by authorities in the field.
22-U.S.C.-5323 in the Legal Encyclopedia: International Finance
In this entry about 22-U.S.C.-5323, find legal reference material, bibliographies and premiere content related to international finance in the American Encyclopedia of Law, presenting a comprehensive view of the United States international finance-specific issues, written by authorities in the field.
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