22 U.S.C. § 286e–1b — Increase in quota of United States; authorization of appropriations

submitted 81 years ago by Pub. L. 89-31 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 60 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law lets the U.S. Governor of the IMF agree to raise the U.S. quota by $1,035,000,000. Congress authorizes that same amount to be appropriated to pay for it.

(a) The United States Governor of the Fund may consent to a $1,035,000,000 increase in the U.S. quota at the Fund. (b) To pay for this increase, Congress authorizes $1,035,000,000 to be appropriated. That money stays available until it's fully spent — it doesn't expire at the end of a fiscal year.

the actual law source: uscode.house.gov ↗public domain

(a)

The United States Governor of the Fund is authorized to consent to an increase of $1,035,000,000 in the quota of the United States in the Fund.

(b)

In order to pay the increase in the United States subscription to the Fund provided for in this section, there is hereby authorized to be appropriated $1,035,000,000, to remain available until expended.

Source credit: (July 31, 1945, ch. 339, § 20, as added Pub. L. 89–31, June 2, 1965, 79 Stat. 119.)

history & why it existsrecord from the source credit

1945Enacted · Pub. L. 89-31 · 79 Stat. 119

A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-31 on 1945-07-31.

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