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22 U.S.C. § 290m — Capital stock increases
Federal law — U.S. Code and appendices · legal_authorities
**(a) Increases authorized** The United States Governor of the Bank is authorized—
(1)
(A) to vote in favor of a resolution to increase the capital stock of the Bank on a selective basis by 245,773 shares; and
(B) to subscribe on behalf of the United States to 42,298 additional shares of the capital stock of the Bank, as part of the selective increase in the capital stock of the Bank, except that any subscription to such additional shares shall be effective only to the extent or in such amounts as are provided in advance in appropriations Acts; and
(2)
(A) to vote in favor of a resolution to increase the capital stock of the Bank on a general basis by 230,500 shares; and
(B) to subscribe on behalf of the United States to 38,662 additional shares of the capital stock of the Bank, as part of the general increase in the capital stock of the Bank, except that any subscription to such additional shares shall be effective only to the extent or in such amounts as are provided in advance in appropriations Acts.
**(b) Limitations on authorization of appropriations**
(1) In order to pay for the increase in the United States subscription to the Bank under subsection (a)(2)(B), there are authorized to be appropriated, without fiscal year limitation, $4,663,990,370 for payment by the Secretary of the Treasury.
(2) Of the amount authorized to be appropriated under paragraph (1), $932,798,074 shall be for paid in shares of the Bank, and $3,731,192,296 shall be for callable shares of the Bank.
(3) In order to pay for the increase in the United States subscription to the Bank under subsection (a)(1)(B), there are authorized to be appropriated, without fiscal year limitation $5,102,619,230 for payment by the Secretary of the Treasury.
(4) Of the amount authorized to be
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Source location: Title 22, Chapter 7, § 290m; chapter-007-international-bureaus-congresses-etc.md
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**(a) Increases authorized** The United States Governor of the Bank is authorized—
(1)
(A) to vote in favor of a resolution to increase the capital stock of the Bank on a selective basis by 245,773 shares; and
(B) to subscribe on behalf of the United States to 42,298 additional shares of the capital stock of the Bank, as part of the selective increase in the capital stock of the Bank, except that any subscription to such additional shares shall be effective only to the extent or in such amounts as are provided in advance in appropriations Acts; and
(2)
(A) to vote in favor of a resolution to increase the capital stock of the Bank on a general basis by 230,500 shares; and
(B) to subscribe on behalf of the United States to 38,662 additional shares of the capital stock of the Bank, as part of the general increase in the capital stock of the Bank, except that any subscription to such additional shares shall be effective only to the extent or in such amounts as are provided in advance in appropriations Acts.
**(b) Limitations on authorization of appropriations**
(1) In order to pay for the increase in the United States subscription to the Bank under subsection (a)(2)(B), there are authorized to be appropriated, without fiscal year limitation, $4,663,990,370 for payment by the Secretary of the Treasury.
(2) Of the amount authorized to be appropriated under paragraph (1), $932,798,074 shall be for paid in shares of the Bank, and $3,731,192,296 shall be for callable shares of the Bank.
(3) In order to pay for the increase in the United States subscription to the Bank under subsection (a)(1)(B), there are authorized to be appropriated, without fiscal year limitation $5,102,619,230 for payment by the Secretary of the Treasury.
(4) Of the amount authorized to be appropriated under paragraph (3), $306,157,153.80 shall be for paid in shares of the Bank, and $4,796,462,076.20 shall be for callable shares of the Bank.
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Federal law — U.S. Code and appendices · legal_authorities
The Secretary of the Treasury shall instruct the United States Executive Directors of the International Bank for Reconstruction and Development and the International Development Association to vote against any loan or other utilization of the funds of the Bank and the Association for the benefit of any country with respect to which the President has made a determination, and so notified the Secretary of the Treasury, that the government of such country has failed to take adequate steps to prevent narcotic drugs and other controlled substances (as defined by the Comprehensive Drug Abuse Prevention and Control Act of 1970 [[21 U.S.C. 801](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title21-section801&num=0&edition=prelim) et seq.]) produced or processed, in whole or in part, in such country, or transported through such country, from being sold illegally within the jurisdiction of such country to United States Government personnel or their dependents, or from entering the United States unlawfully. Such instruction shall continue in effect until the President determines, and so notifies the Secretary of the Treasury, that the government of such country has taken adequate steps to prevent such sale or entry of narcotic drugs and other controlled substances.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Commission for Environmental Cooperation**
(1) **Membership** — The United States is authorized to participate in the Commission for Environmental Cooperation in accordance with the North American Agreement on Environmental Cooperation.
(2) **Contributions to budget** — There are authorized to be appropriated to the President (or such agency as the President may designate) $5,000,000 for each of fiscal years 1994 and 1995 for United States contributions to the annual budget of the Commission for Environmental Cooperation pursuant to Article 43 of the North American Agreement on Environmental Cooperation. Funds authorized to be appropriated for such contributions by this paragraph are in addition to any funds otherwise available for such contributions. Funds authorized to be appropriated by this paragraph are authorized to be made available until expended.
**(b) Definitions** As used in this section—
(1) the term “Commission for Environmental Cooperation” means the commission established by Part Three of the North American Agreement on Environmental Cooperation; and
(2) the term “North American Agreement on Environmental Cooperation” means the North American Agreement on Environmental Cooperation Between the Government of the United States of America, the Government of Canada, and the Government of the United Mexican States (signed at Mexico City, Washington, and Ottawa on September 8, 9, 12, and 14, 1993).
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Federal law — U.S. Code and appendices · legal_authorities
Page 271
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 290m
SUBCHAPTER
XXVIII—NORTH
AMERICAN
DEVELOPMENT
BANK
AND
RELATED
PROVISIONS
Editorial Notes
CODIFICATION
This subchapter consists of part 2 of subtitle D of
title V of the North American Free Trade Agreement
Implementation Act, Pub. L. 103–182. Section 601 of the
United States-Mexico-Canada Agreement Implementa-
tion Act, Pub. L. 116–113, repealed Pub. L. 103–182, effec-
tive on the date the USMCA entered into force (July 1,
2020). However, section 601 of div. O of Pub. L. 116–260
provided that section 601 of Pub. L. 116–113 does not
apply to part 2 of subtitle D of title V of Pub. L. 103–182
and revived the provisions of such part 2 as if section
601 of Pub. L. 116–113 had not been enacted.
§ 290m. North American Development Bank
(a) Acceptance of membership
The President is hereby authorized to accept
membership for the United States in the North
American Development Bank (hereafter in this
subchapter referred to as the ‘‘Bank’’) provided
for in Chapter II of the Border Environment Co-
operation Agreement (hereafter in this sub-
chapter referred to as the ‘‘Cooperation Agree-
ment’’).
(b) Subscription of stock
(1) Subscription authority
(A) In general
The Secretary of the Treasury may sub-
scribe on behalf of the United States up to
150,000 shares of the capital stock of the
Bank.
(B) Effectiveness of subscription
Except as provided in paragraph (3), any
such subscription shall be effective only to
such extent or in such amounts as are pro-
vided in advance in appropriations Acts.
(2) Limitations on authorization of appropria-
tions
For payment by the Secretary of the Treas-
ury of the subscription of the United States
for shares described in paragraph (1), there are
authori
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