Current as of January 01, 2018 | Updated by FindLaw Staff
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(a) Subscription authorized
(1) The United States Governor of the Bank may subscribe on behalf of the United States up to 90,044 additional callable shares of the capital stock of the Bank in accordance with Resolution No. 128 as adopted by the Board of Governors of the Bank on May 14, 2010.
(2) Any subscription by the United States to additional capital stock of the Bank shall be effective only to such extent and in such amounts as are provided in advance in appropriations Acts.
(b) Limitations on authorization of appropriations
In order to pay for the increase in the United States subscription to the Bank under subsection (A), there are authorized to be appropriated, without fiscal year limitation, up to $1,252,331,952 for payment by the Secretary of the Treasury.
Cite this article: FindLaw.com - 22 U.S.C. § 290l-9 - U.S. Code - Unannotated Title 22. Foreign Relations and Intercourse § 290l-9. Capital increase - last updated January 01, 2018 | https://codes.findlaw.com/us/title-22-foreign-relations-and-intercourse/22-usc-sect-290l-9.html
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