22 U.S.C. § 285bb — Additional contribution to special funds
submitted 22 years ago by Pub. L. 89-369 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 116 words · no verdicts yet
The U.S. Governor of the Bank may contribute money to the Asian Development Fund's Seventh Replenishment, matching whatever Congress appropriates. Congress authorizes as much money as needed for this, with no yearly spending deadline.
(a) Contribution authority. (1) In general: The United States Governor of the Bank may contribute, on behalf of the United States, an amount equal to whatever Congress appropriates under subsection (b), following the Bank's resolution called the "Seventh Replenishment of the Asian Development Fund." (2) Subject to appropriations: This commitment only takes effect for the amounts Congress has already approved in appropriations acts.
(b) Limitations on authorization of appropriations. Congress authorizes as much money as necessary to be appropriated for this contribution, with no fiscal-year deadline. The Secretary of the Treasury makes the payment.
The United States Governor of the Bank may contribute on behalf of the United States an amount equal to the amount appropriated under subsection (b), pursuant to the resolution of the Bank entitled “Seventh Replenishment of the Asian Development Fund”.
Any commitment to make the contribution authorized by paragraph (1) shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.
For the contribution authorized by subsection (a), there are authorized to be appropriated such sums as may be necessary for payment by the Secretary of the Treasury, without fiscal year limitation.
Source credit: (Pub. L. 89–369, § 31, as added Pub. L. 108–199, div. D, title V, § 582, Jan. 23, 2004, 118 Stat. 204.)
- 2004Enacted · Pub. L. 89-369 · 118 Stat. 204
A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-369 on 2004-01-23.
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