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22 U.S.C. § 285eeFifth capital increase

submitted 15 years ago by Pub. L. 89-369 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 152 words · no verdicts yet

in plain englishAI-generated · not legal advice

The U.S. Governor of the Bank may subscribe to 1,104,420 more shares of its capital stock. This subscription only counts as much as Congress appropriates in advance. Congress may appropriate $13,323,173,083 total — split between paid-in and callable shares.

(a) Subscription authorized: (1) The United States Governor of the Bank may subscribe, on behalf of the United States, to 1,104,420 additional shares of the Bank's capital stock. (2) This subscription only takes effect to the extent, and in the amounts, that appropriations Acts provide for it in advance. (b) Authorization of appropriations: (1) To pay for this increased subscription, Congress is authorized to appropriate $13,323,173,083, with no fiscal-year limit, for the Secretary of the Treasury to pay. (2) Of that amount — (A) $532,929,240 is authorized for paid-in shares of the Bank, and (B) $12,790,243,843 is authorized for callable shares of the Bank, both for the Secretary of the Treasury to pay.
the actual law source: uscode.house.gov ↗public domain
(a) Subscription authorized
(1)

The United States Governor of the Bank may subscribe on behalf of the United States to 1,104,420 additional shares of the capital stock of the Bank.

(2)

Any subscription by the United States to capital stock of the Bank shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.

(b) Authorization of appropriations
(1)

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, $13,323,173,083, for payment by the Secretary of the Treasury.

(2)

Of the amount authorized to be appropriated under paragraph (1)—

(A)

$532,929,240 is authorized to be appropriated for paid-in shares of the Bank; and

(B)

$12,790,243,843 is authorized to be appropriated for callable shares of the Bank, for payment by the Secretary of the Treasury.

Source credit: (Pub. L. 89–369, § 34, as added Pub. L. 112–10, div. B, title XI, § 2126(e), Apr. 15, 2011, 125 Stat. 191.)

history & why it existsrecord from the source credit
  • 2011Enacted · Pub. L. 89-369 · 125 Stat. 191

A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-369 on 2011-04-15.

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