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22 U.S.C. § 285t — Additional contribution to special funds; authorization of appropriations

submitted 49 years ago by Pub. L. 89-369 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 108 words · no verdicts yet

in plain englishAI-generated · not legal advice

The U.S. Governor of the Bank may promise $180,000,000 to the Asian Development Fund. This depends on Congress approving the money. Only $14,116,177 of it could be spent in fiscal year 1982.

(a) The U.S. Governor of the Bank may agree, on behalf of the United States, to contribute $180,000,000 to the Asian Development Fund, one of the Bank's special funds. This commitment only counts once Congress appropriates the necessary money. (b) To pay for this contribution, the law authorizes $180,000,000 to be appropriated, with no time limit on spending it. But no more than $14,116,177 of that could be made available for fiscal year 1982.
the actual law source: uscode.house.gov ↗public domain
(a)

The United States Governor of the Bank is authorized to contribute on behalf of the United States $180,000,000 to the Asian Development Fund, a special fund of the Bank: Provided, however, That any commitment to make such contribution shall be made subject to obtaining the necessary appropriations.

(b)

In order to pay for the United States contribution to the Asian Development Fund provided for in this section, there are authorized to be appropriated without fiscal year limitation $180,000,000 for payment by the Secretary of the Treasury: Provided, however, That not more than $14,116,177 may be made available for such contribution for the fiscal year 1982.

Source credit: (Pub. L. 89–369, § 23, as added Pub. L. 95–118, title V, § 501, Oct. 3, 1977, 91 Stat. 1069; amended Pub. L. 97–35, title XIII, § 1352(c), Aug. 13, 1981, 95 Stat. 745.)

history & why it existsrecord from the source credit
  • 1977Enacted · Pub. L. 89-369 · 91 Stat. 1069
  • 1981Amended · Pub. L. 97-35 · 95 Stat. 745

A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-369 on 1977-10-03.

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