2018 US Code
Title 22 - Foreign Relations and Intercourse
Chapter 7 - International Bureaus, Congresses, Etc.
Subchapter XXIV - African Development Bank
Sec. 290i-6 - Subscription to stock
| 22 U.S.C. § 290i-6 (2018) |
| §290i–6. Subscription to stock |
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(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 appropriationsThere 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 BankAny payment or distributions of moneys from the Bank to the United States shall be covered into the Treasury as a miscellaneous receipt. |
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(Pub. L. 97–35, title XIII, §1338, Aug. 13, 1981, 95 Stat. 742.) |
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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. |
| United States Code, 2018 Edition, 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 XXIV - AFRICAN DEVELOPMENT BANK Sec. 290i-6 - Subscription to stock |
| section 290i-6 |
| 2018 |
| January 14, 2019 |
| No |
| standard |
| 95 Stat. 742 |
| Public Law 97-35 |
