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22 U.S.C. § 290o–1 — Governor and alternate Governor

submitted 30 years ago by Pub. L. 104-208 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 116 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section explains how the Bank's Governor and alternate Governor are chosen. At first, the officials who already serve in those roles for the World Bank fill in; after that, the President appoints them with Senate approval.

(a) Appointment: At the Bank's first Board of Governors meeting, the people who already serve as Governor and alternate Governor of the International Bank for Reconstruction and Development (the World Bank) automatically serve as Governor and alternate Governor of this Bank too. After that, the President appoints a Governor and an alternate for the Bank, and the Senate must approve the appointment. (b) Compensation: Anyone who serves as Governor or alternate Governor of the Bank cannot receive any salary or other pay from the United States for that service.
the actual law source: uscode.house.gov ↗public domain
(a) Appointment

At the inaugural meeting of the Board of Governors of the Bank, the Governor and the alternate for the Governor of the International Bank for Reconstruction and Development, appointed pursuant to section 286a of this title, shall serve ex-officio as a Governor and the alternate for the Governor, respectively, of the Bank. The President, by and with the advice and consent of the Senate, shall appoint a Governor of the Bank and an alternate for the Governor.

(b) Compensation

Any person who serves as a governor of the Bank or as an alternate for the Governor may not receive any salary or other compensation from the United States by reason of such service.

Source credit: (Pub. L. 104–208, div. A, title I, § 101(c) [title VII, § 703], Sept. 30, 1996, 110 Stat. 3009–121, 3009–179.)

history & why it existsrecord from the source credit
  • 1996Enacted · Pub. L. 104-208 · 110 Stat. 3009

A history note hasn’t been published yet. The record shows enactment by Pub. L. 104-208 on 1996-09-30.

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