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22 U.S.C. § 286oo — Governor, executive director, and alternates of Association

Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 286oo — Governor, executive director, and alternates of Association

The Governor and Executive Director of the International Bank for Reconstruction and Development, and the alternate for each of them, appointed under [section 286a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section286a&num=0&edition=prelim), shall serve as Governor, Executive Director and alternates, respectively, of the Association.

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Source location: Title 22, Chapter 7, § 286oo; chapter-007-international-bureaus-congresses-etc.md

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 286a — Omitted

### Statutory Notes #### Codification Sections 281b–2 to 281j of this title contained provisions relating to the Institute of Inter-American Affairs. The Institute was created pursuant to act Aug. 5, 1947, ch. 498, 61 Stat. 780. Section 3 of such act, as amended, provided that the Institute was to have succession until June 30, 1960. See Codification note set out under [section 281 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section281&num=0&edition=prelim). Section 281b–2, acts Aug. 26, 1954, ch. 937, title V, § 544(a), 68 Stat. 862; Aug. 14, 1957, Pub. L. 85–141, § 11(b)(1), 71 Stat. 365, authorized the Institute of Inter-American Affairs to make contracts for periods not to exceed five years, with the proviso that any contract extending beyond June 30, 1960, be made subject to termination by the Institute upon notice, and provided that the Institute, on and after July 1, 1954, be subject to the applicable provisions of the Budget and Accounting Act, 1921, as amended, in lieu of the provisions of the Government Corporation Control Act, as amended [[31 U.S.C. 9101](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section9101&num=0&edition=prelim) et seq.]. Section 281c, act Aug. 5, 1947, ch. 498, § 4, 61 Stat. 782, provided for transfer of assets to United States Treasury upon termination of corporate life of Institute of Inter-American Affairs. Section 281d, act Aug. 5, 1947, ch. 498, § 5, 61 Stat. 782, established a Board of Directors for Institute of Inter-American Affairs, and enumerated powers of Board. Section 281e, act Aug. 5, 1947, ch. 498, § 6, 61 Stat. 782, provided that Institute of Inter-American Affairs be a nonprofit corporation, have no capital stock, and that no part of its revenue, earnin

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Federal law — U.S. Code and appendices · legal_authorities

22 U.S.C. § 286oo — Principles for International Monetary

Page 197 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 286oo Statutory Notes and Related Subsidiaries CHANGE OF NAME Committee on Banking, Finance and Urban Affairs of House of Representatives treated as referring to Com- mittee on Banking and Financial Services of House of Representatives by section 1(a) of Pub. L. 104–14, set out as a note preceding section 21 of Title 2, The Con- gress. Committee on Banking and Financial Services of House of Representatives abolished and replaced by Committee on Financial Services of House of Rep- resentatives, and jurisdiction over matters relating to securities and exchanges and insurance generally trans- ferred from Committee on Energy and Commerce of House of Representatives by House Resolution No. 5, One Hundred Seventh Congress, Jan. 3, 2001. § 286nn. Approval of contributions for debt re- ductions for the poorest countries For the purpose of mobilizing the resources of the Fund in order to help reduce poverty and improve the lives of residents of poor countries and, in particular, to allow those poor countries with unsustainable debt burdens to receive deep- er, broader, and faster debt relief, without al- lowing gold to reach the open market or other- wise adversely affecting the market price of gold, the Secretary of the Treasury is author- ized to instruct the United States Executive Di- rector of the Fund to vote— (1) to approve an arrangement whereby the Fund— (A) sells a quantity of its gold at pre- vailing market prices to a member or mem- bers in nonpublic transactions sufficient to generate 2.226 billion Special Drawing Rights in profits on such sales; (B) immediately after, and in conjunction with each such sale, accepts payment by such member or members of such gold to satisfy existing re

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