22 U.S.C. § 290k–8 — Subscription of stock
submitted 39 years ago by Pub. L. 100-202 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 117 words · no verdicts yet
The Treasury Secretary can agree to buy 20,519 shares of the Agency's stock, once Congress approves up to $222 million. Any dividends the Agency pays back go into the Treasury.
The Secretary of the Treasury is authorized to subscribe on behalf of the United States to 20,519 shares of the capital stock of the Agency, except that the subscription shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.
In order to pay for United States subscription authorized in subsection (a), there are authorized to be appropriated, without fiscal year limitation, $222,015,580, for payment by the Secretary of the Treasury.
Any payment of dividends made to the United States by the Agency shall be deposited into the Treasury as a miscellaneous receipt.
Source credit: (Pub. L. 100–202, § 101(e) [title I], Dec. 22, 1987, 101 Stat. 1329–131, 1329–134.)
- 1987Enacted · Pub. L. 100-202 · 101 Stat. 1329
A history note hasn’t been published yet. The record shows enactment by Pub. L. 100-202 on 1987-12-22.
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