22 U.S.C. § 290g–4 — Authorization of appropriations; repayments and distributions from Fund to Treasury

submitted 50 years ago by Pub. L. 94-302 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 63 words · no verdicts yet

in plain englishAI-generated · not legal advice

Congress authorized $25 million as the U.S. subscription to the African Development Fund, paid in three yearly installments. Any money the Fund repays to the U.S. goes into the Treasury.

(a) Congress authorized, with no fiscal-year limit, $25,000,000 as the United States' subscription, to be paid by the Secretary of the Treasury to the Fund in three annual installments of $9,000,000, $8,000,000, and $8,000,000. (b) Any money the Fund repays or distributes back to the United States is deposited in the Treasury as a miscellaneous receipt.

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

(a)

There is hereby authorized to be appropriated without fiscal year limitation, as the United States subscription, $25,000,000 to be paid by the Secretary of the Treasury to the Fund in three annual installments of $9,000,000, $8,000,000, and $8,000,000.

(b)

Any repayment or distribution of moneys from the Fund to the United States shall be covered into the Treasury as a miscellaneous receipt.

Source credit: (Pub. L. 94–302, title II, § 206, May 31, 1976, 90 Stat. 594.)

history & why it existsrecord from the source credit

1976Enacted · Pub. L. 94-302 · 90 Stat. 594

A history note hasn’t been published yet. The record shows enactment by Pub. L. 94-302 on 1976-05-31.

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