
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: 22USC290l-4]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
           CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
 
   SUBCHAPTER XXVII--EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT
 
Sec. 290l-4. Subscription of stock


(a) Subscription authority

                           (1) In general

        The Secretary of the Treasury may subscribe on behalf of the 
    United States to 100,000 shares of the capital stock of the Bank.

            (2) Effectiveness of subscription commitment

        Any commitment to make such subscription shall be effective only 
    to such extent or in such amounts as are provided for in advance by 
    appropriations Acts.

(b) Limitations on authorization of appropriations

    For payment by the Secretary of the Treasury of the subscription of 
the United States for shares described in subsection (a) of this 
section, there are authorized to be appropriated $1,167,010,000 without 
fiscal year limitation.

(c) Disposition of net income distributions by Bank

    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. 101-513, title V, Sec. 562(c)(6), Nov. 5, 1990, 104 Stat. 
2034.)

                          Codification

    Subsecs. (a) to (c) were in the original (A) to (C), respectively, 
and pars. (1) and (2) of subsec. (a) were in the original (i) and (ii), 
respectively, and were editorially redesignated for purposes of 
codification.


                     First General Capital Increase

    Pub. L. 105-118, title V, Sec. 560(a), Nov. 26, 1997, 111 Stat. 
2425, provided in part that the Secretary of the Treasury may, to effect 
the United States participation in the first general capital increase of 
the European Bank for Reconstruction and Development, subscribe to and 
make payment for 100,000 additional shares of the capital stock of the 
Bank on behalf of the United States, and authorized $285,772,500 for 
paid-in capital and $984,327,500 for callable capital of the European 
Bank for Reconstruction and Development to be appropriated without 
fiscal year limitation, subject to obtaining the necessary 
appropriations.
