22 U.S.C. · Foreign Relations and Intercourse
22 U.S.C. § 290i11

Sixth capital increase

Ch. 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC.
Title 22 U.S.C. ● ACTIVE Primary Source Ch. 7
Statutory Text

22 U.S.C. § 290i11 — Sixth capital increase

U.S.C. Title 22 - FOREIGN RELATIONS AND INTERCOURSE 22 U.S.C. United States Code, 2023 Edition Title 22 - FOREIGN RELATIONS AND INTERCOURSE CHAPTER 7 - INTERNATIONAL BUREAUS, CONGRESSES, ETC. SUBCHAPTER XXIV - AFRICAN DEVELOPMENT BANK Sec. 290i-11 - Sixth capital increase From the U.S. Government Publishing Office, www.gpo.gov

§290i–11. Sixth capital increase

(a) Subscription authorized (1) The United States Governor of the Bank may subscribe on behalf of the United States to 289,391 additional shares of the capital stock of the Bank. (2) Any subscription by the United States to the capital stock of the Bank shall be effective only to such extent and in such amounts as are provided in advance in appropriations Acts. (b) Limitations on authorization of appropriations (1) In order to pay for the increase in the United States subscription to the Bank under subsection (a), there are authorized to be appropriated, without fiscal year limitation, $4,322,228,221 for payment by the Secretary of the Treasury. (2) Of the amount authorized to be appropriated under paragraph (1)— (A) $259,341,759 shall be for paid in shares of the Bank; and (B) $4,062,886,462 shall be for callable shares of the Bank.

(Pub. L. 97–35, title XIII, §1344, as added Pub. L. 112–74, div. I, title VII, §7081(d), Dec. 23, 2011, 125 Stat. 1260.)

Source: uscode.house.gov — public domain Official Source ↗
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22 U.S.C. § 290i11
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The statutory text of 22 U.S.C. § 290i11 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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