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22 U.S.C. § 285v — Authorization of appropriations for payment of United States expenses in Organization; limitation of contributions
Federal law — U.S. Code and appendices · legal_authorities
There is hereby authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, such sums as may be required for expenditure under the direction of the Secretary of State, for the payment by the United States of its proportionate share in the expenses of the Organization: Provided, That the percentage contribution of the United States to the total annual budget of the Organization shall not exceed 33.33 per centum.
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Source file: Laws/federal/codes/united-states-code/title-22/section-285v-authorization-of-appropriations-for-payment-of-united-states-expenses-in--142d819a3b.md
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Source location: Title 22, Chapter 7, § 285v; chapter-007-international-bureaus-congresses-etc.md
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There is hereby authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, such sums as may be required for expenditure under the direction of the Secretary of State, for the payment by the United States of its proportionate share in the expenses of the Organization: Provided, That the percentage contribution of the United States to the total annual budget of the Organization shall not exceed 33.33 per centum.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Exemption from securities laws; reports to Securities and Exchange Commission** Any securities issued by the Bank (including any guaranty by the Bank, whether or not limited in scope) in connection with the raising of funds for inclusion in the Bank’s ordinary capital resources as defined in article 7 of the Agreement and any securities guaranteed by the Bank as to both principal and interest to which the commitment in article 6, paragraph 4, of the Agreement is expressly applicable, shall be deemed to be exempted securities within the meaning of [section 77c(a)(2) of title 15](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section77c/a/2&num=0&edition=prelim) and [section 78c(a)(12) of title 15](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section78c/a/12&num=0&edition=prelim). The Bank shall file with the Securities and Exchange Commission such annual and other reports with regard to such securities as the Commission shall determine to be appropriate in view of the special character of the Bank and its operations and necessary in the public interest or for the protection of investors.
**(b) Authority of Securities and Exchange Commission to suspend exemption; reports to Congress** The Securities and Exchange Commission, acting in consultation with such agency or officer as the President shall designate, may suspend the provisions of subsection (a) at any time as to any or all securities issued or guaranteed by the Bank during the period of such suspension. The Commission shall include in its annual reports to the Congress such information as it shall deem advisable with regard to the operations and effect of this section.
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Federal law — U.S. Code and appendices · legal_authorities
For the purposes of this subchapter, the term “international organization” means a public international organization in which the United States participates pursuant to any treaty or under the authority of any Act of Congress authorizing such participation or making an appropriation for such participation, and which shall have been designated by the President through appropriate Executive order as being entitled to enjoy the privileges, exemptions, and immunities provided in this subchapter. The President shall be authorized, in the light of the functions performed by any such international organization, by appropriate Executive order to withhold or withdraw from any such organization or its officers or employees any of the privileges, exemptions, and immunities provided for in this subchapter (including the amendments made by this subchapter) or to condition or limit the enjoyment by any such organization or its officers or employees of any such privilege, exemption, or immunity. The President shall be authorized, if in his judgment such action should be justified by reason of the abuse by an international organization or its officers and employees of the privileges, exemptions, and immunities provided in this subchapter or for any other reason, at any time to revoke the designation of any international organization under this section, whereupon the international organization in question shall cease to be classed as an international organization for the purposes of this subchapter.
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Federal law — U.S. Code and appendices · legal_authorities
Page 166
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 285u
be appropriated without fiscal year limitation
$180,000,000 for payment by the Secretary of the
Treasury: Provided, however, That not more than
$14,116,177 may be made available for such con-
tribution for the fiscal year 1982.
(Pub. L. 89–369, § 23, as added Pub. L. 95–118, title
V, § 501, Oct. 3, 1977, 91 Stat. 1069; amended Pub.
L. 97–35, title XIII, § 1352(c), Aug. 13, 1981, 95 Stat.
745.)
Editorial Notes
AMENDMENTS
1981—Subsec. (b). Pub. L. 97–35 inserted provision lim-
iting amount of appropriations available for contribu-
tions for fiscal year 1982.
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 au-
thorized 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.
§ 285u. Additional contribution to special funds
(a) United States share
The United States Governor of the Bank is au-
thorized to contribute on behalf of the United
States $378,250,000 to the Asian Development
Fund, a special fund of the Bank, except that
any commitment to make such contribution
shall be made subject to obtaining the necessary
appropriations.
(b) Authorization of appropriations; maximum
available for certain years
In order to pay for the United States contribu-
tion to the Asian Development Fund provided
fo
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