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22 U.S.C. § 284iThird replenishment; authorization of appropriations

submitted 54 years ago by Pub. L. 86-565 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 95 words · no verdicts yet

in plain englishAI-generated · not legal advice

The U.S. Governor was authorized to contribute $320,000,000 a year, for three years, to the Association's third replenishment. This followed a July 1970 Executive Directors' report. Congress authorized appropriating the money needed for those three $320,000,000 payments, with no fiscal-year limit.

The United States Governor was authorized to agree, on behalf of the United States, to contribute three annual installments of $320,000,000 each to the Association. This followed the recommendation in the "Report of the Executive Directors to the Board of Governors on Additions to IDA Resources: Third Replenishment," dated July 21, 1970. This section authorizes Congress to appropriate — without any fiscal-year limit — whatever amounts are needed for the Secretary of the Treasury to pay those three $320,000,000 installments, covering the United States' share of the Association's increased resources.
the actual law source: uscode.house.gov ↗public domain

The United States Governor is hereby authorized to agree on behalf of the United States to contribute to the Association three annual installments of $320,000,000 each as recommended in the “Report of the Executive Directors to the Board of Governors on Additions to IDA Resources: Third Replenishment,” dated July 21, 1970. There is hereby authorized to be appropriated, without fiscal year limitation, the amounts necessary for payment by the Secretary of the Treasury of three annual installments of $320,000,000 each for the United States share of the increase in the resources of the Association.

Source credit: (Pub. L. 86–565, § 11, as added Pub. L. 92–247, § 1, Mar. 10, 1972, 86 Stat. 60.)

history & why it existsrecord from the source credit
  • 1972Enacted · Pub. L. 86-565 · 86 Stat. 60

A history note hasn’t been published yet. The record shows enactment by Pub. L. 86-565 on 1972-03-10.

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