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22 U.S.C. § 283z–11 — First replenishment of the resources of the Enterprise for the Americas Multilateral Investment Fund

submitted 19 years ago by Pub. L. 86-147 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 101 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law lets the Treasury Secretary contribute $150 million to a Bank fund refill. The money goes to the first replenishment of the Enterprise for the Americas Multilateral Investment Fund. Congress authorizes up to $150 million for the Treasury to pay it.

(a) Contribution authority The Secretary of the Treasury may contribute, for the United States, $150,000,000 toward the first replenishment of the Enterprise for the Americas Multilateral Investment Fund's resources. This authority only applies to the extent Congress provides the money in advance through appropriations laws. (b) Limitations on authorization of appropriations For this contribution, Congress authorizes no more than $150,000,000, with no fiscal-year limit, for the Secretary of the Treasury to pay.
the actual law source: uscode.house.gov ↗public domain
(a) Contribution authority
(1) In general

The Secretary of the Treasury may contribute on behalf of the United States $150,000,000 to the first replenishment of the resources of the Enterprise for the Americas Multilateral Investment Fund.

(2) Subject to appropriations

The authority provided by paragraph (1) may be exercised only to the extent and in the amounts provided for in advance in appropriations Acts.

(b) Limitations on authorization of appropriations

For the United States contribution authorized by subsection (a), there are authorized to be appropriated not more than $150,000,000, without fiscal year limitation, for payment by the Secretary of the Treasury.

Source credit: (Pub. L. 86–147, § 39, as added Pub. L. 109–289, div. B, title II, § 20410, as added Pub. L. 110–5, § 2, Feb. 15, 2007, 121 Stat. 25.)

history & why it existsrecord from the source credit
  • 2007Enacted · Pub. L. 86-147 · 121 Stat. 25

A history note hasn’t been published yet. The record shows enactment by Pub. L. 86-147 on 2007-02-15.

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