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22 U.S.C. § 286e–3 — Appointment of officers; term of office; salary
Federal law — U.S. Code and appendices · legal_authorities
**(a) Governor and alternate governor** The President, by and with the advice and consent of the Senate, shall appoint a governor of the Bank and an alternate for the governor. The term of office for the governor and the alternate governor shall be five years, but each shall remain in office until a successor has been appointed.
**(b) Executive director and alternate executive director** The President, by and with the advice and consent of the Senate, shall appoint an executive director of the Bank and an alternate Executive Director. Except as provided for in article XV, section 3, of the agreement, the term of office for the executive director shall be three years, but he shall remain in office until a successor has been appointed.
**(c) Compensation** No person shall be entitled to receive any salary or other compensation from the United States for services as a governor, alternate governor, or executive director.
Source: Supplied U.S. Code snapshot — release unconfirmed · 22 U.S.C. § 286e–3
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Stable record: federal_law:legal_authorities:record_usc_e47203f8d0c6887684e35548
Source file: Laws/federal/codes/united-states-code/title-22/section-286e3-appointment-of-officers-term-of-office-salary--bbaac499e0.md
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Source location: Title 22, Chapter 7, § 286e–3; chapter-007-international-bureaus-congresses-etc.md
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**(a) Governor and alternate governor** The President, by and with the advice and consent of the Senate, shall appoint a governor of the Bank and an alternate for the governor. The term of office for the governor and the alternate governor shall be five years, but each shall remain in office until a successor has been appointed.
**(b) Executive director and alternate executive director** The President, by and with the advice and consent of the Senate, shall appoint an executive director of the Bank and an alternate Executive Director. Except as provided for in article XV, section 3, of the agreement, the term of office for the executive director shall be three years, but he shall remain in office until a successor has been appointed.
**(c) Compensation** No person shall be entitled to receive any salary or other compensation from the United States for services as a governor, alternate governor, or executive director.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)**
(1) The Department of the Treasury has a stabilization fund. The fund is available to carry out this section, section 18 of the Bretton Woods Agreement Act ([22 U.S.C. 286e–3](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section286e–3&num=0&edition=prelim)), section 3 of the Special Drawing Rights Act ([22 U.S.C. 286](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section286&num=0&edition=prelim)o), and the Coronavirus Economic Stabilization Act of 2020, and for investing in obligations of the United States Government those amounts in the fund the Secretary of the Treasury, with the approval of the President, decides are not required at the time to carry out this section. Proceeds of sales and investments, earnings, and interest shall be paid into the fund and are available to carry out this section. However, the fund is not available to pay administrative expenses.
(2) Subject to approval by the President, the fund is under the exclusive control of the Secretary, and may not be used in a way that direct control and custody pass from the President and the Secretary. Decisions of the Secretary are final and may not be reviewed by another officer or employee of the Government.
**(b)** Consistent with the obligations of the Government in the International Monetary Fund on orderly exchange arrangements and a stable system of exchange rates, the Secretary or an agency designated by the Secretary, with the approval of the President, may deal in gold, foreign exchange, and other instruments of credit and securities the Secretary considers necessary. However, a loan or credit to a foreign entity or government of a foreign country may be made for more than 6 months in any 12-month period only if the President gives Congres
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 5302
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