
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 22USC284e]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
           CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
 
         SUBCHAPTER XIII--INTERNATIONAL DEVELOPMENT ASSOCIATION
 
Sec. 284e. Payment of subscription to Association by United 
        States
        

(a) Authorization of appropriations for subscription

    There is hereby authorized to be appropriated, without fiscal year 
limitation, for the subscription of the United States to the 
Association, $320,290,000.

(b) Increase in Association resources; contribution; authorization of 
        appropriations

    The United States Governor is hereby authorized (1) to vote for an 
increase in the resources of the Association and (2) to agree on behalf 
of the United States to contribute to the Association the sum of $312 
million, both as recommended by the Executive Directors, in a report 
dated September 9, 1963, to the Board of Governors of the Association. 
There is hereby authorized to be appropriated out of funds supplied by 
the Nation's taxpayers or out of funds borrowed on their credit, without 
fiscal year limitations, $312 million to provide the United States share 
of the increase in the resources of the Association.

(c) Issuance of special notes

    For the purpose of keeping to a minimum the cost to the United 
States of participation in the Association, the Secretary of the 
Treasury 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 
Association in exchange for dollars to the extent permitted by the 
articles. 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 Association. The face amount of special 
notes issued to the Association under the authority of this subsection 
and outstanding at any one time shall not exceed, in the aggregate, the 
amount actually paid to the Association under the articles.

(d) Income covered into Treasury

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

(Pub. L. 86-565, Sec. 7, June 30, 1960, 74 Stat. 294; Pub. L. 88-310, 
Secs. 1, 2, May 26, 1964, 78 Stat. 200.)

                          Codification

    In subsec. (c), ``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.


                               Amendments

    1964--Subsecs. (b) to (d). Pub. L. 88-310 added subsec. (b), 
redesignated former subsec. (b) as (c) and struck out ``, after paying 
the requisite part of the subscription of the United States in the 
Association required to be made under the articles.'' after ``Secretary 
of the Treasury'' in first sentence and ``of the subscription of the 
United States'' after ``amount'' in third sentence, respectively, and 
redesignated former subsec. (c) as (d).
