22 U.S.C. § 290o–4 — Subscription of stock

(a) Subscription authority: (1) The Secretary of the Treasury may buy, on behalf of the United States, up to 7,011,270 shares of the Bank's capital stock. (2) That commitment only counts as real to the extent Congress actually provides the money through appropriations laws.

(b) Limitations on authorization of appropriations: Congress authorizes up to $1,050,007,800 to be appropriated for the Treasury Secretary to pay for these shares, with no limit tied to a specific fiscal year.

(c) Limitations on obligation of appropriated amounts: (1) Paid-in capital stock: (A) No more than $105,000,000 of the money appropriated under subsection (b) may be used for paid-in capital stock. (B) For fiscal year 1997 specifically, no more than $52,500,000 of that year's appropriated amount may be used for paid-in capital stock. (2) Callable capital stock: No more than $787,505,852 of the money appropriated under subsection (b) may be used for callable capital stock.

(d) Disposition of net income distributions: If the Bank pays the United States a share of its net income, that payment must go into the Treasury as a "miscellaneous receipt" — general government money, not money earmarked for a specific purpose.