§ 285s. Additional subscription to shares; authorization of appropriations

Statutory text

The United States Governor of the Bank is authorized to subscribe on behalf of the United States to sixty-seven thousand and five hundred additional shares of the capital stock of the Bank: Provided, however, That any subscription to additional shares shall be effective only to such extent or in such amounts as are provided in advance in appropriation Acts.

In order to pay for the increase in the United States subscription to the Bank provided for in this section, there are authorized to be appropriated without fiscal year limitation $814,286,250 for payment by the Secretary of the Treasury.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1977
Asian Development Bank Act
Pub. L. 89–369 § 22 · 80 Stat. 71
Enacted · 22 U.S.C. § 285s
Pub. L. 89–369, § 22, as added Pub. L. 95–118, title V, § 501, Oct. 3, 1977, 91 Stat. 1068
Source evidence
Code source credit
Pub. L. 89–369, § 22, as added Pub. L. 95–118, title V, § 501, Oct. 3, 1977, 91 Stat. 1068
1981
Pub. L. 97–35 title XIII § 1353 · 95 Stat. 357
Substituted · 22 U.S.C. § 285s(a)
Pub. L. 97–35 substituted “effective only to such extent or in such amounts as are provided in advance in appropriation Acts” for “made only after the amount required for such subscription has been appropriated”
Source evidence
Code amendment note
Subsec. (a). Pub. L. 97–35 substituted “effective only to such extent or in such amounts as are provided in advance in appropriation Acts” for “made only after the amount required for such subscription has been appropriated”.
Enacted provision · exact public law section
Sec. 1353. future subscriptions of stock to the asian development bank Section 22(a) of the Asian Development Bank Act (22 U.S.C. 285s(a)) is amended by striking out “That any subscription to additional shares shall be made only after the amount required for such subscription has been appropriated” and inserting in lieu thereof “That any subscription to additional shares shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts”.
Effective date note
Amendment by Pub. L. 97–35 effective Aug. 13, 1981, except that any funds authorized to be appropriated shall not be available for use or obligation prior to Oct. 1, 1981, see section 1372 of Pub. L. 97–35, set out as an Effective Date note under section 290i of this title.

1 of 2 references resolved to an enrolled provision · 1 partial

Editorial Notes

Amendments

1981—Subsec. (a). Pub. L. 97–35 substituted “effective only to such extent or in such amounts as are provided in advance in appropriation Acts” for “made only after the amount required for such subscription has been appropriated”.

Statutory Notes and Related Subsidiaries

Effective Date of 1981 Amendment

Amendment by Pub. L. 97–35 effective Aug. 13, 1981, except that any funds authorized to be appropriated shall not be available for use or obligation prior to Oct. 1, 1981, see section 1372 of Pub. L. 97–35, set out as an Effective Date note under section 290i of this title.

Effective Date

Section effective Oct. 3, 1977, except that no funds authorized to be appropriated by this section may be available for use or obligation prior to Oct. 1, 1977, see section 1001 of Pub. L. 95–118, set out as a note under section 282i of this title.

Credits

1977–1981 · 2 acts

1977Pub. L. 89–369, § 22, as added Pub. L. 95–118, title V, § 501, Oct. 3, 1977, 91 Stat. 1068
1981amended Pub. L. 97–35, title XIII, § 1353, Aug. 13, 1981, 95 Stat. 745.

Show as published

(Pub. L. 89–369, § 22, as added Pub. L. 95–118, title V, § 501, Oct. 3, 1977, 91 Stat. 1068; amended Pub. L. 97–35, title XIII, § 1353, Aug. 13, 1981, 95 Stat. 745.)