22 U.S.C. § 286e–12 — Contribution to Interest Subsidy Account of Enhanced Structural Adjustment Facility of International Monetary Fund
submitted 81 years ago by Pub. L. 101-240 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 115 words · no verdicts yet
This law lets the U.S. Governor of the IMF contribute $150 million to a special fund that subsidizes interest on Fund loans. The commitment can only happen after Congress appropriates the money. Congress authorizes up to that same $150 million.
Subject to paragraph (2), the United States Governor of the Fund may contribute $150,000,000 to the Interest Subsidy Account of the Enhanced Structural Adjustment Facility of the Fund on behalf of the United States.
The United States Governor of the Fund may not make a commitment to contribute any amount authorized to be contributed under paragraph (1) before an amount equal to such amount has been appropriated for such purpose.
To pay for the contribution authorized by subsection (a), there are authorized to be appropriated not to exceed $150,000,000, without fiscal year limitation, for payment by the Secretary of the Treasury.
Source credit: (July 31, 1945, ch. 339, § 54, as added Pub. L. 101–240, title III, § 301, Dec. 19, 1989, 103 Stat. 2500.)
- 1945Enacted · Pub. L. 101-240 · 103 Stat. 2500
A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-240 on 1945-07-31.
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