22 U.S.C. § 283ff — Subscription of stock
submitted 42 years ago by Pub. L. 98-473 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 120 words · no verdicts yet
The Secretary of the Treasury may buy 5,100 shares of the Corporation's stock for the United States. Congress must first approve the money — up to $51,000,000. Any dividends the Corporation pays the U.S. go into the Treasury.
The Secretary of the Treasury is authorized to subscribe on behalf of the United States to five thousand one hundred shares of the capital stock of the Corporation: Provided, however, That the subscription shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.
There is authorized to be appropriated, without fiscal year limitation, for payment by the Secretary of the Treasury of the subscription of the United States for those shares, $51,000,000.
Any payment of dividends made to the United States by the Corporation shall be deposited into the Treasury as a miscellaneous receipt.
Source credit: (Pub. L. 98–473, title I, § 101(1) [title I], Oct. 12, 1984, 98 Stat. 1884, 1885.)
- 1984Enacted · Pub. L. 98-473 · 98 Stat. 1884, 1885
A history note hasn’t been published yet. The record shows enactment by Pub. L. 98-473 on 1984-10-12.
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