Title 22 — Foreign Relations and Intercourse
Chapter 7 — International Bureaus, Congresses, Etc.
§ 286zz. Capital stock increases
Statutory text
Increases authorized
The United States Governor of the Bank is authorized—
to vote in favor of a resolution to increase the capital stock of the Bank on a selective basis by 245,773 shares; and
to subscribe on behalf of the United States to 42,298 additional shares of the capital stock of the Bank, as part of the selective increase in the capital stock of the Bank, except that any subscription to such additional shares shall be effective only to the extent or in such amounts as are provided in advance in appropriations Acts; and
to vote in favor of a resolution to increase the capital stock of the Bank on a general basis by 230,500 shares; and
to subscribe on behalf of the United States to 38,662 additional shares of the capital stock of the Bank, as part of the general increase in the capital stock of the Bank, except that any subscription to such additional shares shall be effective only to the extent or in such amounts as are provided in advance in appropriations Acts.
Limitations on authorization of appropriations
In order to pay for the increase in the United States subscription to the Bank under subsection (a)(2)(B), there are authorized to be appropriated, without fiscal year limitation, $4,663,990,370 for payment by the Secretary of the Treasury.
Of the amount authorized to be appropriated under paragraph (1), $932,798,074 shall be for paid in shares of the Bank, and $3,731,192,296 shall be for callable shares of the Bank.
In order to pay for the increase in the United States subscription to the Bank under subsection (a)(1)(B), there are authorized to be appropriated, without fiscal year limitation $5,102,619,230 for payment by the Secretary of the Treasury.
Of the amount authorized to be appropriated under paragraph (3), $306,157,153.80 shall be for paid in shares of the Bank, and $4,796,462,076.20 shall be for callable shares of the Bank.
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.
Further Consolidated Appropriations Act, 2020
Pub. L. 116–94 div. P title XIX § 1901 · 133 Stat. 2534
Enacted · 22 U.S.C. § 286zz
(July 31, 1945, ch. 339, § 73, as added Pub. L. 116–94, div. P, title XIX, § 1901, Dec. 20, 2019, 133 Stat. 3222.)
Source evidence
Code source credit
(July 31, 1945, ch. 339, § 73, as added Pub. L. 116–94, div. P, title XIX, § 1901, Dec. 20, 2019, 133 Stat. 3222.)Enacted provision · exact public law section
SEC. 1901. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT. The Bretton Woods Agreements Act (22 U.S.C. 286 et seq.) is amended by adding at the end the following new section: “SEC. 73. CAPITAL STOCK INCREASES. “(a) Increases Authorized.— The United States Governor of the Bank is authorized— “(1) (A) to vote in favor of a resolution to increase the capital stock of the Bank on a selective basis by 245,773 shares; and “(B) to subscribe on behalf of the United States to 42,298 additional shares of the capital stock of the Bank, as part of the selective increase in the capital stock of the Bank, except that any subscription to such additional shares shall be effective only to the extent or in such amounts as are provided in advance in appropriations Acts; and “(2) (A) to vote in favor of a resolution to increase the capital stock of the Bank on a general basis by 230,500 shares; and “(B) to subscribe on behalf of the United States to 38,662 additional shares of the capital stock of the Bank, as part of the general increase in the capital stock of the Bank, except that any subscription to such additional shares shall be effective only to the extent or in such amounts as are provided in advance in appropriations Acts. “(b) Limitations on Authorization of Appropriations.— (1) In order to pay for the increase in the United States subscription to the Bank under subsection (a)(2)(B), there are authorized to be appropriated, without fiscal year limitation, $4,663,990,370 for payment by the Secretary of the Treasury. “(2) Of the amount authorized to be appropriated under paragraph (1), $932,798,074 shall be for paid in shares of the Bank, and $3,731,192,296 shall be for callable shares of the Bank. “(3) In order to pay for the increase in the United States subscription to the Bank under subsection (a)(1)(B), there are authorized to be appropriated, without fiscal year limitation $5,102,619,230 for payment by the Secretary of the Treasury. “(4) Of the amount authorized to be appropriated under paragraph (3), $306,157,153.80 shall be for paid in shares of the Bank, and $4,796,462,076.20 shall be for callable shares of the Bank.” .
1 of 1 references resolved to an enrolled provision
Editorial Notes
Codification
Another section 73 of the Bretton Woods Agreements Act was enacted by Pub. L. 116–92 and is classified to section 286yy of this title.
Credits
(July 31, 1945, ch. 339, § 73, as added Pub. L. 116–94, div. P, title XIX, § 1901, , 133 Stat. 3222.)