22-U.S.C.-290L-4
§290L-4 – §290L-4. Subscription of Stock
Pathway
Title 22 > Chapter 7 > Subchapter XXVII > Section 290l-4
Details
- Reference: Section 290l-4
- Legend: §290L-4 – §290L-4. Subscription of Stock
- USCode Year: 2013
Provision Content
(a) Subscription authority
(1) In general
The Secretary of the Treasury may subscribe on behalf of the United States to 100,000 shares of the capital stock of the Bank.
(2) Effectiveness of subscription commitment
Any commitment to make such subscription shall be effective only to such extent or in such amounts as are provided for in advance by appropriations Acts.
(b) Limitations on authorization of appropriations
For payment by the Secretary of the Treasury of the subscription of the United States for shares described in subsection (a) of this section, there are authorized to be appropriated $1,167,010,000 without fiscal year limitation.
(c) Disposition of net income distributions by Bank
Any payment made to the United States by the Bank as a distribution of net income shall be covered into the Treasury as a miscellaneous receipt.
(Pub. L. 101–513, title V, §562(c)(6), Nov. 5, 1990, 104 Stat. 2034.)
Codification
Subsecs. (a) to (c) were in the original (A) to (C), respectively, and pars. (1) and (2) of subsec. (a) were in the original (i) and (ii), respectively, and were editorially redesignated for purposes of codification.
First General Capital Increase
Pub. L. 105–118, title V, §560(a), Nov. 26, 1997, 111 Stat. 2425, provided in part that the Secretary of the Treasury may, to effect the United States participation in the first general capital increase of the European Bank for Reconstruction and Development, subscribe to and make payment for 100,000 additional shares of the capital stock of the Bank on behalf of the United States, and authorized $285,772,500 for paid-in capital and $984,327,500 for callable capital of the European Bank for Reconstruction and Development to be appropriated without fiscal year limitation, subject to obtaining the necessary appropriations.
U.S. Encyclopedia of Law Coverage
Subchapter XXVII – European Bank For Reconstruction and Development in the Legal Encyclopedia: Foreign Relations
In this entry about Subchapter XXVII – European Bank For Reconstruction and Development, 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.-5957 in the Legal Encyclopedia: Europe
In this entry about 22-U.S.C.-5957, find legal reference material, bibliographies and premiere content related to europe in the American Encyclopedia of Law, presenting a comprehensive view of the United States europe-specific issues, written by authorities in the field.
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