22 U.S.C. § 283z–5 — Capital increase; increase in resources of Fund for Special Operations

(a) Authority to vote for, and to subscribe and contribute to, increase in authorized capital stock of Bank and increase in resources of Fund for Special Operations The U.S. Governor of the Bank may vote for resolutions the Board of Executive Directors sent to the Governors on April 19, 1989, and that are pending before the Board of Governors. They provide for (i) increasing the Bank's authorized capital stock and U.S. subscriptions, and (ii) increasing the Fund for Special Operations' resources and U.S. contributions. To the extent Congress provides the money in advance through appropriations laws, the Governor may, if these resolutions pass, subscribe to 760,112 shares of the increased capital stock and contribute $82,304,000 to the Fund. (b) Limitation on authorization of appropriations To pay for this subscription and contribution, Congress authorizes, with no fiscal-year limit, $9,169,559,712 for the capital stock subscription and $82,304,000 for the Fund contribution. (c) Organizational changes required to be made before payment for subscription to capital stock and contribution to Fund for Special Operations The Secretary of the Treasury can't pay any of this money unless the Bank has: set up an environmental unit responsible for developing, evaluating, and folding environmental sustainability into Bank policies, projects, and programs in borrower countries; increased its staff with environmental training and duties; increased the number of environmentally beneficial projects and programs it finances; and designed a process letting indigenous nongovernmental organizations take part in designing projects and programs. (d) Certification of access to Bank records required before payment for subscription to capital stock and contribution to Fund for Special Operations The Secretary of the Treasury also can't pay this money until the Secretary, after talking with the U.S. Executive Director of the Bank, certifies to Congress that: the Bank has given the U.S. Comptroller General access to the Bank Auditor General's memo on the Bank's November 1987 disbursement to Nicaragua's government; the Bank has put in place, and keeps using, revised 1988 procedures for collecting overdue loan payments; those revised procedures satisfy the Bank Auditor General's recommendations; and the Comptroller General has access to all Bank documents on the same terms as the U.S. Executive Director of the Bank.