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22 U.S.C. § 290g–7Force and effect of agreement; deposit of documents by the President; reservation of right to tax salaries and emoluments paid by the Fund to United States citizens or nationals

submitted 50 years ago by Pub. L. 94-302 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 116 words · no verdicts yet

in plain englishAI-generated · not legal advice

Once the U.S. formally joins the African Development Fund, the Fund's founding agreement becomes fully legal here. The President must also declare that the U.S. keeps the right to tax salaries the Fund pays U.S. citizens.

The Fund's agreement — including, without limitation, articles 41 through 50 — has full legal force in the United States, its territories and possessions, and Puerto Rico, once the United States accepts participation in the Fund and the Fund itself takes effect. When the President formally deposits the U.S. instrument accepting participation in the Fund, the President must also deposit a declaration that the United States and its political subdivisions keep the right to tax salaries and payments the Fund makes to its own citizens or nationals. The President may also deposit a declaration reserving other rights described in article 58 of the agreement.
the actual law source: uscode.house.gov ↗public domain

The agreement, including without limitation articles 41 through 50, shall have full force and effect in the United States, its territories and possessions, and the Commonwealth of Puerto Rico, upon the acceptance of participation by the United States in, and the entry into force of, the Fund. The President, at the time of deposit of the instrument of acceptance of participation of the United States in the Fund, shall also deposit a declaration that the United States retains for itself and its political subdivisions the right to tax salaries and emoluments paid by the Fund to its citizens or nationals and may deposit a declaration providing for reservations on other matters set forth in article 58.

Source credit: (Pub. L. 94–302, title II, § 209, 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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