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22 U.S.C. § 276c–2 — Subscription of stock
Federal law — U.S. Code and appendices · legal_authorities
**(a) Subscription authority**
(1) **In general** — The Secretary of the Treasury may subscribe on behalf of the United States to not more than 7,011,270 shares of the capital stock of the Bank.
(2) **Effectiveness of subscription commitment** — Any commitment to make such subscription shall be effective only to such extent or in such amounts as are provided for in advance by appropriations Acts.
**(b) Limitations on authorization of appropriations** For payment by the Secretary of the Treasury of the subscription of the United States for shares described in subsection (a), there are authorized to be appropriated $1,050,007,800 without fiscal year limitation.
**(c) Limitations on obligation of appropriated amounts for shares of capital stock**
(1) **Paid-in capital stock**
(A) *In general* — Not more than $105,000,000 of the amounts appropriated pursuant to subsection (b) may be obligated for subscription to shares of paid-in capital stock.
(B) *Fiscal year 1997* — Not more than $52,500,000 of the amounts appropriated pursuant to subsection (b) for fiscal year 1997 may be obligated for subscription to shares of paid-in capital stock.
(2) **Callable capital stock** — Not more than $787,505,852 of the amounts appropriated pursuant to subsection (b) may be obligated for subscription to shares of callable capital stock.
**(d) Disposition of net income distributions by Bank** Any payment made to the United States by the Bank as a distribution of net income shall be covered into the Treasury as a miscellaneous receipt.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 276c–2
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Stable record: federal_law:legal_authorities:record_usc_8ed5f6bfa45ba5a5dc3a06c6
Source file: Laws/federal/codes/united-states-code/title-22/section-276c2-subscription-of-stock--345b9a037b.md
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Source location: Title 22, Chapter 7, § 276c–2; chapter-007-international-bureaus-congresses-etc.md
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**(a) Subscription authority**
(1) **In general** — The Secretary of the Treasury may subscribe on behalf of the United States to not more than 7,011,270 shares of the capital stock of the Bank.
(2) **Effectiveness of subscription commitment** — Any commitment to make such subscription shall be effective only to such extent or in such amounts as are provided for in advance by appropriations Acts.
**(b) Limitations on authorization of appropriations** For payment by the Secretary of the Treasury of the subscription of the United States for shares described in subsection (a), there are authorized to be appropriated $1,050,007,800 without fiscal year limitation.
**(c) Limitations on obligation of appropriated amounts for shares of capital stock**
(1) **Paid-in capital stock**
(A) *In general* — Not more than $105,000,000 of the amounts appropriated pursuant to subsection (b) may be obligated for subscription to shares of paid-in capital stock.
(B) *Fiscal year 1997* — Not more than $52,500,000 of the amounts appropriated pursuant to subsection (b) for fiscal year 1997 may be obligated for subscription to shares of paid-in capital stock.
(2) **Callable capital stock** — Not more than $787,505,852 of the amounts appropriated pursuant to subsection (b) may be obligated for subscription to shares of callable capital stock.
**(d) Disposition of net income distributions by Bank** Any payment made to the United States by the Bank as a distribution of net income shall be covered into the Treasury as a miscellaneous receipt.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** The Office of Personnel Management may, for any Executive agency—
(1) establish, and from time to time revise, the maximum number of positions which may at any one time be classified above GS–15; and
(2) establish standards and procedures published by the Director of the Office of Personnel Management in such form as the Director may determine (including requiring agencies, where necessary in the judgment of the Office, to obtain the prior approval of the Office) in accordance with which positions may be classified above GS–15.
**(b)** The President, rather than the Office, shall exercise the authority under subsection (a) in the case of positions proposed to be placed in the Federal Bureau of Investigation and Drug Enforcement Administration Senior Executive Service.
**(c)** The Librarian of Congress may classify positions in the Library of Congress above GS–15 pursuant to standards established by the Office in subsection (a)(2).
Source: Supplied U.S. Code snapshot — release unconfirmed · 5 U.S.C. § 5108
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