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22 U.S.C. · Foreign Relations and Intercourse
22 U.S.C. § 290m7

First capital increase

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

22 U.S.C. § 290m7 — First 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 XXVIII - NORTH AMERICAN DEVELOPMENT BANK AND RELATED PROVISIONS Sec. 290m-7 - First capital increase From the U.S. Government Publishing Office, www.gpo.gov

§290m–7. First capital increase

(a) Subscription authorized (1) In general The Secretary of the Treasury is authorized to subscribe on behalf of the United States to, and make payment for, 150,000 additional shares of the capital stock of the Bank. (2) Limitation 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 general 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, $1,500,000,000 for payment by the Secretary of the Treasury. (2) Allocation of funds Of the amount authorized to be appropriated under paragraph (1)— (A) $225,000,000 shall be for paid in shares of the Bank; and (B) $1,275,000,000 shall be for callable shares of the Bank.

(Pub. L. 103–182, title V, §547, as added Pub. L. 116–113, title VIII, §831, Jan. 29, 2020, 134 Stat. 96; amended Pub. L. 116–113, title VI, §601, Jan. 29, 2020, 134 Stat. 78; Pub. L. 116–260, div. O, title VI, §601(a)(1), (2), Dec. 27, 2020, 134 Stat. 2149.)

Editorial Notes

Amendments 2020—Pub. L. 116–260, §601(a)(1), (2), provided that section 601 of Pub. L. 116–113 does not apply to this section and revived the provisions of this section as if such section 601 had not been enacted. See below. Pub. L. 116–113, §601, which repealed this section effective on the date the USMCA entered into force (July 1, 2020), was made inapplicable to this section by section 601(a)(1), (2) of Pub. L. 116–260.

Statutory Notes and Related Subsidiaries

Effective Date of 2020 Amendment Amendment by Pub. L. 116–260 effective July 1, 2020, see section 601(h) of div. O of Pub. L. 116–260, set out as a note under section 81c of Title 19, Customs Duties.

Source: uscode.house.gov — public domain Official Source ↗
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22 U.S.C. § 290m7
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The statutory text of 22 U.S.C. § 290m7 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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← 22 U.S.C. § 290m6 22 U.S.C. § 290m8 →
Ch. 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC.
22 U.S.C. § 26122 U.S.C. § 26222 U.S.C. § 262122 U.S.C. § 262a22 U.S.C. § 262b22 U.S.C. § 262c22 U.S.C. § 262d22 U.S.C. § 262d122 U.S.C. § 262e22 U.S.C. § 262f22 U.S.C. § 262g22 U.S.C. § 262g122 U.S.C. § 262g222 U.S.C. § 262g322 U.S.C. § 262h22 U.S.C. § 262i22 U.S.C. § 262j22 U.S.C. § 262k22 U.S.C. § 262k122 U.S.C. § 262k222 U.S.C. § 262l22 U.S.C. § 262l122 U.S.C. § 262l222 U.S.C. § 262l322 U.S.C. § 262m22 U.S.C. § 262m122 U.S.C. § 262m222 U.S.C. § 262m322 U.S.C. § 262m422 U.S.C. § 262m5
22 U.S.C. — public domain ← All Legislation
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