
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: 22USC290o-4]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
           CHAPTER 7--INTERNATIONAL BUREAUS, CONGRESSES, ETC.
 
              SUBCHAPTER XXX--MIDDLE EAST DEVELOPMENT BANK
 
Sec. 290o-4. Subscription of stock


(a) Subscription authority

                           (1) In general

        The Secretary of the Treasury may subscribe on behalf of the 
    United States to not more than 7,011,270 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 $1,050,007,800 without 
fiscal year limitation.

(c) Limitations on obligation of appropriated amounts for shares of 
        capital stock

                      (1) Paid-in capital stock

        (A) In general

            Not more than $105,000,000 of the amounts appropriated 
        pursuant to subsection (b) of this section may be obligated for 
        subscription to shares of paid-in capital stock.

        (B) Fiscal year 1997

            Not more than $52,500,000 of the amounts appropriated 
        pursuant to subsection (b) of this section for fiscal year 1997 
        may be obligated for subscription to shares of paid-in capital 
        stock.

                     (2) Callable capital stock

        Not more than $787,505,852 of the amounts appropriated pursuant 
    to subsection (b) of this section may be obligated for subscription 
    to shares of callable capital stock.

(d) 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. 104-208, div. A, title I, Sec. 101(c) [title VII, Sec. 706], 
Sept. 30, 1996, 110 Stat. 3009-121, 3009-179.)
