22-U.S.C.-290I-6

§290I-6 – §290I-6. Subscription to Stock

Pathway

Title 22 > Chapter 7 > Subchapter XXIV > Section 290i-6

Details

• Reference: Section 290i-6
• Legend: §290I-6 – §290I-6. Subscription to Stock
• USCode Year: 2013

Provision Content

(a) Authorization of United States subscription to stock

The President is authorized to agree to subscribe on behalf of the United States to twenty-nine thousand eight hundred and twenty shares of the capital stock of the Bank: Provided, however, That the subscription shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.

(b) Authorization of appropriations

There is authorized to be appropriated, without fiscal year limitation, for payment by the Secretary of the Treasury of the initial United States subscription to twenty-nine thousand eight hundred and twenty shares of the capital stock of the Bank, $359,733,570: Provided, however, That not more than $17,986,679 of such sum may be made available for paid in subscriptions to the Bank for each of the fiscal years 1982, 1983, and 1984.

(c) Distributions by Bank

Any payment or distributions of moneys from the Bank to the United States shall be covered into the Treasury as a miscellaneous receipt.

(Pub. L. 97–35, title XIII, §1338, Aug. 13, 1981, 95 Stat. 742.)

Delegation of Functions

Functions of President under subsec. (a) delegated to Secretary of the Treasury, see Ex. Ord. No. 12403, Feb. 8, 1983, 48 F.R. 6087.

U.S. Encyclopedia of Law Coverage

22-U.S.C.-290G-8 in the Legal Encyclopedia: Foreign Relations

In this entry about 22-U.S.C.-290G-8, 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.-290I-10 in the Legal Encyclopedia: Africa

In this entry about 22-U.S.C.-290I-10, find legal reference material, bibliographies and premiere content related to africa in the American Encyclopedia of Law, presenting a comprehensive view of the United States africa-specific issues, written by authorities in the field.

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