22 U.S.C. § 285aa — Capital increase
submitted 34 years ago by Pub. L. 89-369 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 108 words · no verdicts yet
The U.S. Governor of the Bank may buy 35,230 more shares of the Bank's stock on behalf of the United States. This only happens once Congress first approves the money through appropriations. Congress authorizes $213,000,000, with no yearly deadline, to pay for it.
The United States Governor of the Bank may subscribe on behalf of the United States to 35,230 additional shares of the capital stock of the Bank. (2) Any subscription by the United States to the capital stock of the Bank shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.
In order to pay for the increase in the United States subscription to the Bank provided for in subsection (a), there are authorized to be appropriated, without fiscal year limitation, $213,000,000 for payment by the Secretary of the Treasury.
Source credit: (Pub. L. 89–369, § 30, as added Pub. L. 102–145, § 125(b), as added Pub. L. 102–266, § 102, Apr. 1, 1992, 106 Stat. 97.)
- 1992Enacted · Pub. L. 89-369 · 106 Stat. 97
A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-369 on 1992-04-01.
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