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22 U.S.C. § 283p — Authorization for payment of United States contribution to increase Fund for Special Operations; authorization of appropriations

submitted 54 years ago by Pub. L. 86-147 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 114 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law lets the U.S. Governor of the Inter-American Development Bank pay into the Fund for Special Operations. It authorizes two $450 million installments under a December 1970 resolution. Congress authorizes the money to cover both payments.

(a) The U.S. Governor of the Bank may pay the Fund for Special Operations two annual installments of $450,000,000 each. This follows the terms of a resolution the Board of Governors adopted on December 31, 1970, about increasing the Fund's resources and contributions to it. (b) Congress authorizes money, with no fiscal-year limit, for the Secretary of the Treasury to pay those two $450,000,000 installments — the U.S. share of the Fund's increase.
the actual law source: uscode.house.gov ↗public domain
(a)

The United States Governor of the Bank is authorized to pay to the Fund for Special Operations two annual installments of $450,000,000 each in accordance with and subject to the terms and conditions of the resolution adopted by the Board of Governors on December 31, 1970, concerning an increase in the resources of the Fund for Special Operations and contributions thereto.

(b)

There are hereby authorized to be appropriated, without fiscal year limitation, the amounts necessary for payment by the Secretary of the Treasury of the two annual installments of $450,000,000 each for the United States share of the increase in the resources of the Fund for Special Operations of the Bank.

Source credit: (Pub. L. 86–147, § 19, as added Pub. L. 92–246, § 1, Mar. 10, 1972, 86 Stat. 59.)

history & why it existsrecord from the source credit
  • 1972Enacted · Pub. L. 86-147 · 86 Stat. 59

A history note hasn’t been published yet. The record shows enactment by Pub. L. 86-147 on 1972-03-10.

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