
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: 22USC283z-5]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
           CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
 
             SUBCHAPTER XII--INTER-AMERICAN DEVELOPMENT BANK
 
Sec. 283z-5. Capital increase; increase in resources of Fund for 
        Special Operations
        

(a) Authority to vote for, and to subscribe and contribute to, increase 
        in authorized capital stock of Bank and increase in resources of 
        Fund for Special Operations

                         (1) Vote authorized

        The United States Governor of the Bank is authorized to vote for 
    resolutions which--
            (A) were transmitted by the Board of Executive Directors to 
        the Governors of the Bank by resolution of April 19, 1989;
            (B) are pending before the Board of Governors of the Bank; 
        and
            (C) provide for--
                (i) an increase in the authorized capital stock of the 
            Bank and subscriptions to the Bank; and
                (ii) an increase in the resources of the Fund for 
            Special Operations and contributions to the Fund.

             (2) Subscription and contribution authority

        To the extent and in the amounts provided in advance in 
    appropriations Acts, on adoption of the resolutions described in 
    paragraph (1), the United States Governor of the Bank may, on behalf 
    of the United States--
            (A) subscribe to 760,112 shares of the increase in the 
        authorized capital stock of the Bank; and
            (B) contribute $82,304,000 to the Fund for Special 
        Operations.

(b) Limitation on authorization of appropriations

    To pay for the subscription and contribution authorized under 
subsection (a) of this section, there are authorized to be appropriated, 
without fiscal year limitation, for payment by the Secretary of the 
Treasury--
        (1) $9,169,559,712, for the United States subscription to the 
    capital stock of the Bank; and
        (2) $82,304,000, for the United States contribution to the Fund 
    for Special Operations.

(c) Organizational changes required to be made before payment for 
        subscription to capital stock and contribution to Fund for 
        Special Operations

    The Secretary of the Treasury may not make any payment for the 
subscription and contribution authorized under subsection (a) of this 
section unless the Bank--
        (1) has established an environmental unit with responsibility 
    for the development, evaluation, and integration of Bank policies, 
    projects, and programs designed to promote environmentally 
    sustainable development in borrower countries;
        (2) has increased the number of the staff of the Bank with 
    environmentally oriented responsibilities and training;
        (3) provides for an increase in the number of environmentally 
    beneficial projects and programs financed by the Bank; and
        (4) has designed a process for ensuring the access of indigenous 
    non-governmental organizations to the process for designing projects 
    and programs.

(d) Certification of access to Bank records required before payment for 
        subscription to capital stock and contribution to Fund for 
        Special Operations

    The Secretary of the Treasury shall not make any payment for the 
subscription and contribution authorized under subsection (a) of this 
section until the Secretary, after consultation with the United States 
Executive Director of the Bank, certifies to the Congress that--
        (1) the Bank has given the Comptroller General of the United 
    States access to the audit memorandum issued by the Auditor General 
    of the Bank with respect to the November 1987 disbursement of funds 
    to the Government of Nicaragua;
        (2) the Bank has implemented and is continuing to implement 
    revised procedures issued in 1988 for collecting loan services 
    payments in arrears;
        (3) the revised procedures referred to in paragraph (2) satisfy 
    the recommendations of the Auditor General of the Bank; and
        (4) the Comptroller General of the United States has access to 
    all documents of the Bank on the same terms and under the same 
    conditions as such documents are made available to the United States 
    Executive Director of the Bank.

(Pub. L. 86-147, Sec. 33, as added Pub. L. 101-240, title II, Sec. 201, 
Dec. 19, 1989, 103 Stat. 2496.)

                  Section Referred to in Other Sections

    This section is referred to in section 283z-7 of this title.
