2017 US Code
Title 22 - Foreign Relations and Intercourse
Chapter 7 - International Bureaus, Congresses, Etc.
Subchapter XXVII - European Bank for Reconstruction and Development
Sec. 290l-4 - Subscription of stock
22 U.S.C. § 290l-4 (2017) |
§290l–4. Subscription of stock |
(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. 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. For payment by the Secretary of the Treasury of the subscription of the United States for shares described in subsection (a), there are authorized to be appropriated $1,167,010,000 without fiscal year limitation. (c) Disposition of net income distributions by BankAny 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 INCREASEPub. 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. |
United States Code, 2012 Edition, Supplement 5, Title 22 - FOREIGN RELATIONS AND INTERCOURSE |
Bills and Statutes |
United States Code |
Y 1.2/5: |
Title 22 - FOREIGN RELATIONS AND INTERCOURSE CHAPTER 7 - INTERNATIONAL BUREAUS, CONGRESSES, ETC. SUBCHAPTER XXVII - EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT Sec. 290l-4 - Subscription of stock |
section 290l-4 |
2017 |
January 12, 2018 |
No |
standard |
104 Stat. 2034 111 Stat. 2425 |
Public Law 101-513, Public Law 105-118 |