
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 22USC283e]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
           CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
 
             SUBCHAPTER XII--INTER-AMERICAN DEVELOPMENT BANK
 
Sec. 283e. Payment of subscription to Bank and Fund by United 
        States
        

(a) Authorization of appropriations

    There is hereby authorized to be appropriated, without fiscal year 
limitation, for the purchase of thirty-five thousand shares of capital 
stock in the Bank, $350 million. In addition, there is authorized to be 
appropriated, without fiscal year limitation, for payment of the 
subscription of the United States to the Fund for Special Operations, 
$100 million.

(b) Issuance of special notes

    For the purpose of keeping to a minimum the cost to the United 
States of participation in the Bank, the Secretary of the Treasury, 
after paying the requisite part of the subscription and quota of the 
United States in the Bank required to be made under article II, section 
4, and article IV, section 3, respectively, of the agreement, is 
authorized and directed to issue special notes of the United States from 
time to time, at par, and to deliver such notes to the Bank in exchange 
for dollars to the extent permitted by the agreement. The special notes 
provided for in this subsection shall be issued under the authority and 
subject to the provisions of chapter 31 of title 31, and the purposes 
for which securities may be issued under that chapter are extended to 
include the purposes for which special notes are authorized and directed 
to be issued under this subsection, but such notes shall bear no 
interest, shall be nonnegotiable, and shall be payable on demand of the 
Bank. The face amount of special notes issued to the Bank under the 
authority of this subsection and outstanding at any one time shall not 
exceed, in the aggregate, the amount of the subscription and quota of 
the United States actually paid to the Bank under article II, section 4, 
and article IV, section 3, respectively, of the agreement.

(c) Income covered into Treasury

    Any payment made to the United States by the Bank as a distribution 
of net income shall be covered into the Treasury as a miscellaneous 
receipt.

(Pub. L. 86-147, Sec. 7, Aug. 7, 1959, 73 Stat. 300.)

                          Codification

    In subsec. (b), ``chapter 31 of title 31'' and ``that chapter'' 
substituted for ``the Second Liberty Bond Act, as amended'' and ``that 
Act'', respectively, on authority of Pub. L. 97-258, Sec. 4(b), Sept. 
13, 1982, 96 Stat. 1067, the first section of which enacted Title 31, 
Money and Finance.
