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31 U.S.C. § 5152 — Value of United States money holdings in international institutions

submitted 44 years ago by Pub. L. 97-258 to r/title-31-MONEY-AND-FINANCE · 71 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section sets rules about Value of United States money holdings in international institutions. It states the requirements, permissions, and limits described below.

The Secretary of the Treasury must maintain the value in terms of gold of the holdings of United States money of the International Bank for Reconstruction and Development, the Inter-American Development Bank, the International Development Association, and the Asian Development Bank to the extent provided in the articles of agreement of those institutions. Amounts necessary to maintain the value may be appropriated. Amounts appropriated under this section remain available until expended.

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

The Secretary of the Treasury shall maintain the value in terms of gold of the holdings of United States money of the International Bank for Reconstruction and Development, the Inter-American Development Bank, the International Development Association, and the Asian Development Bank to the extent provided in the articles of agreement of those institutions. Amounts necessary to maintain the value may be appropriated. Amounts appropriated under this section remain available until expended.

Source credit: (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 992.)

history & why it existsrecord from the source credit
  • 1982Enacted · Pub. L. 97-258 · 96 Stat. 992

A history note hasn’t been published yet. The record shows enactment by Pub. L. 97-258 on 1982-09-13.

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