22 USC 286e-1f - Additional increase in capital stock of Bank; subscription to additional shares; authorization of appropriations

U.S Code last checked for updates: Apr 19, 2024

§ 286e–1f.

Additional increase in capital stock of Bank; subscription to additional shares; authorization of appropriations

(a)

The United States Governor of the Bank is authorized—

(1)

to vote for an increase of seventy thousand shares in the authorized capital stock of the Bank; and

(2)

if such increase becomes effective, to subscribe on behalf of the United States to thirteen thousand and five additional shares of the capital stock of the Bank: Provided, however, That any subscription to additional shares shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.

(b)

In order to pay for the increase in the United States subscription to the Bank provided for in this section, there are authorized to be appropriated, without fiscal year limitation, $1,568,856,318 for payment by the Secretary of the Treasury.

(July 31, 1945, ch. 339, § 27, as added Pub. L. 95–118, title II, § 201, Oct. 3, 1977, 91 Stat. 1067; amended Pub. L. 97–35, title XIII, § 1312, Aug. 13, 1981, 95 Stat. 740.)

cite as: 22 USC 286e-1f