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

submitted 39 years ago by Pub. L. 89-369 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 81 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law lets the U.S. Governor of the Asian Development Bank contribute $584,280,000 to the Bank's Asian Development Fund. That commitment depends on Congress first appropriating the money. Congress authorizes that same amount for the Secretary of the Treasury to pay.

(a) The United States Governor of the Asian Development Bank may contribute $584,280,000, on behalf of the United States, to the Asian Development Fund, a special fund of the Bank. This commitment can only be made once Congress has appropriated the necessary money. (b) To pay for this contribution, Congress authorizes $584,280,000 to be appropriated, with no fiscal-year deadline. The Secretary of the Treasury makes the payment.

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 $584,280,000 to the Asian Development Fund, a special Fund of the Bank, except that any commitment to make such contributions shall be made subject to obtaining the necessary appropriations.

(b)

In order to pay for the United States contribution provided for in subsection (a), there are authorized to be appropriated, without fiscal year limitation, $584,280,000 for payment by the Secretary of the Treasury.

Source credit: (Pub. L. 89–369, § 29, as added Pub. L. 100–202, § 101(e) [title I], Dec. 22, 1987, 101 Stat. 1329–131, 1329–134.)

history & why it existsrecord from the source credit

1987Enacted · Pub. L. 89-369 · 101 Stat. 1329

A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-369 on 1987-12-22.

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