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22 U.S.C. § 283tAuthorization to vote on proposed resolutions

submitted 50 years ago by Pub. L. 86-147 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 105 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law lets the U.S. Governor of the Inter-American Development Bank vote for three 1975 resolutions. They cover creating inter-regional capital stock, admitting nonregional countries, and increasing callable capital for that admission. The Board of Executive Directors had submitted these resolutions in March 1975.

The U.S. Governor of the Bank may vote for three proposed Board of Governors resolutions: (a) "Amendments to the Agreement Establishing the Bank with respect to the Creation of the Inter-Regional Capital Stock of the Bank and to Related Matters"; (b) "General Rules Governing Admission of Nonregional Countries to Membership in the Bank"; and (c) "Increase in the Authorized Callable Ordinary Capital Stock and Subscriptions Thereto in Connection with the Admission of Nonregional Member Countries." The Board of Executive Directors had approved sending these resolutions to the Board of Governors in a resolution passed on March 4, 1975.
the actual law source: uscode.house.gov ↗public domain

The United States Governor of the Bank is authorized to vote for three proposed resolutions of the Board of Governors entitled (a) “Amendments to the Agreement Establishing the Bank with respect to the Creation of the Inter-Regional Capital Stock of the Bank and to Related Matters”, (b) “General Rules Governing Admission of Nonregional Countries to Membership in the Bank”, and (c) “Increase in the Authorized Callable Ordinary Capital Stock and Subscriptions Thereto in Connection with the Admission of Nonregional Member Countries”, which were submitted to the Board of Governors pursuant to a resolution of the Board of Executive Directors approved on March 4, 1975.

Source credit: (Pub. L. 86–147, § 23, as added Pub. L. 94–302, title I, § 103(a)(1), May 31, 1976, 90 Stat. 592.)

history & why it existsrecord from the source credit
  • 1976Enacted · Pub. L. 86-147 · 90 Stat. 592

A history note hasn’t been published yet. The record shows enactment by Pub. L. 86-147 on 1976-05-31.

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