22 U.S.C. § 282l — Capital stock increase
submitted 71 years ago by Pub. L. 102-145 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 116 words · no verdicts yet
The U.S. Governor of the Corporation may vote to raise its capital stock by 1,000,000 shares. The Governor may also buy 250,000 more shares for the United States. This only happens if Congress approves the money first, up to $50,000,000.
The United States Governor of the Corporation may—
vote for an increase of 1,000,000 shares in the authorized capital stock of the Corporation; and
subscribe on behalf of the United States to 250,000 additional shares of the capital stock of the Corporation.
The subscription authority provided in paragraph (1) shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.
In order to pay for the subscription authorized in subsection (a), there are authorized to be appropriated, without fiscal year limitation, $50,000,000 for payment by the Secretary of the Treasury.
Source credit: (Aug. 11, 1955, ch. 788, § 14, as added Pub. L. 102–145, § 125(a), Oct. 28, 1991, as added Pub. L. 102–266, § 102, Apr. 1, 1992, 106 Stat. 97.)
- 1955Enacted · Pub. L. 102-145 · 106 Stat. 97
A history note hasn’t been published yet. The record shows enactment by Pub. L. 102-145 on 1955-08-11.
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