22 U.S.C. § 283z–2 — Contribution to Inter-American Development Bank; authorization of appropriations

submitted 45 years ago by Pub. L. 86-147 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 155 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law lets the U.S. Governor of the Bank contribute $70 million to the Fund for Special Operations. The commitment only counts once Congress appropriates the money. Congress authorizes roughly $345 million total for the U.S. subscription and contribution.

(a) The U.S. Governor of the Bank may agree, for the United States, to contribute $70,000,000 to the Fund for Special Operations — but only once Congress has appropriated the money. (b) To pay for part of the increased U.S. capital stock subscription authorized in 22 U.S.C. § 283z–1(a), and for the Fund for Special Operations contribution in this section, Congress authorizes, with no fiscal-year limit, $274,920,799 for the U.S. subscription and $70,000,000 for the U.S. contribution to the Fund — except no money may be spent on that Fund contribution in fiscal year 1982.

the actual law source: uscode.house.gov ↗public domain

(a)

The United States Governor of the Bank is authorized on behalf of the United States to contribute to the Fund for Special Operations $70,000,000: Provided, however, That any commitment to make such contribution shall be made subject to obtaining the necessary appropriations.

(b)

In order to pay for a portion of the increase in the United States subscription to the capital stock of the Bank provided for in section 283z–1(a) of this title and for the United States contribution to the Fund for Special Operations provided for in this section, there are authorized to be appropriated, without fiscal year limitation, for payment by the Secretary of the Treasury, (1) $274,920,799 for the United States subscription, and (2) $70,000,000 for the United States contribution to the Fund for Special Operations: Provided, however, That no funds may be made available for such contribution to the Fund for Special Operations for the fiscal year 1982.

Source credit: (Pub. L. 86–147, § 30, as added Pub. L. 97–35, title XIII, § 1351(a), Aug. 13, 1981, 95 Stat. 744.)

history & why it existsrecord from the source credit

1981Enacted · Pub. L. 86-147 · 95 Stat. 744

A history note hasn’t been published yet. The record shows enactment by Pub. L. 86-147 on 1981-08-13.

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