22 U.S.C. § 283u — Membership in the Bank for the Bahamas

Page 149 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 283y of the Board of Governors entitled (a) ‘‘Amend- ments to the Agreement Establishing the Bank with respect to the Creation of the Inter-Re- gional Capital Stock of the Bank and to Related Matters’’, (b) ‘‘General Rules Governing Admis- sion of Nonregional Countries to Membership in the Bank’’, and (c) ‘‘Increase in the Authorized Callable Ordinary Capital Stock and Subscrip- tions Thereto in Connection with the Admission of Nonregional Member Countries’’, which were submitted to the Board of Governors pursuant to a resolution of the Board of Executive Direc- tors approved on March 4, 1975. (Pub. L. 86–147, § 23, as added Pub. L. 94–302, title I, § 103(a)(1), May 31, 1976, 90 Stat. 592.) § 283u. Membership in the Bank for the Bahamas and Guyana The United States Governor of the Bank is au- thorized to agree to the amendments to article II, section 1(b) and article IV, section 3(b) of the Agreement Establishing the Bank, as proposed by the Board of Executive Directors, to provide for membership for the Bahamas and Guyana in the Bank at such times and in accordance with such terms as the Bank may determine. (Pub. L. 86–147, § 24, as added Pub. L. 94–302, title I, § 103(a)(1), May 31, 1976, 90 Stat. 592.) § 283v. Loans to the Caribbean Development Bank The United States Governor of the Bank is au- thorized to agree to the amendments to article III, sections 1, 4, and 6(b) of the Agreement Es- tablishing the Bank, as proposed by the Board of Executive Directors, to provide for lending to the Caribbean Development Bank. (Pub. L. 86–147, § 25, as added Pub. L. 94–302, title I, § 103(a)(1), May 31, 1976, 90 Stat. 592.) § 283w. Increase in authorized capital stock of Bank and increase in resources of Fund for Special Operations; United States share; au- thorization of appropriations (a) The United States Governor of the Bank is hereby authorized to vote in favor of two resolu- tions proposed by the Governors at a special meeting in July 1975, and now pending before the Board of Governors of the Bank, which provide for (1) an increase in the authorized capital stock of the Bank and additional subscriptions of members thereto and (2) an increase in the re- sources of the Fund for Special Operations and contributions thereto. Upon adoption of such resolutions, the United States Governor is au- thorized to agree on behalf of the United States (1) to subscribe to ninety-nine thousand four hundred and seventy-four shares of $10,000 par value of the increase in the authorized capital stock of the Bank of which eighty-nine thousand five hundred and twenty-six shall be callable shares and nine thousand nine hundred and forty-eight shall be paid in and (2) to contribute to the Fund for Special Operations $600,000,000, in accordance with and subject to the terms and conditions of such resolutions. (b) There are hereby authorized to be appro- priated, without fiscal year limitation, the amounts necessary for payment by the Sec- retary of the Treasury of (1) $1,199,997,873 for the United States subscription to the capital stock of the Bank and (2) $600,000,000 for the United States share of the increase in the resources of the Fund for Special Operations: Provided, how- ever, That not more than $15,677,000 may be made available to the Fund for Special Oper- ations for the fiscal year 1982. (Pub. L. 86–147, § 26, as added Pub. L. 94–302, title I, § 101, May 31, 1976, 90 Stat. 591; amended Pub. L. 97–35, title XIII, § 1351(c), Aug. 13, 1981, 95 Stat. 744.) Editorial Notes AMENDMENTS 1981—Subsec. (b). Pub. L. 97–35 inserted provision lim- iting amount of appropriations available for Fund for Special Operations 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. § 283x. Subscription to additional shares; author- ization of appropriations (a) The United States Governor of the Bank is hereby authorized to vote for an additional in- crease of one hundred and eight thousand shares of $10,000 par value in the authorized callable capital stock of the Bank as recommended in the resolution of the Board of Governors enti- tled ‘‘Increase of US$4 Billion in the Authorized Capital Stock and Subscriptions Thereto.’’ Upon adoption of a Board of Governors resolution in- creasing the authorized capital stock of the Bank by such amount, the United States Gov- ernor is authorized to agree on behalf of the United States to subscribe to thirty-seven thou- sand three hundred and three shares of $10,000 par value of such additional increase in callable capital in accordance with and subject to the terms and conditions of such resolution. (b) In order to pay for the increase in the United States subscription to the Bank provided for in this section, there is hereby authorized to be appropriated, without fiscal year limitation, $450,002,218 for payment by the Secretary of the Treasury. (Pub. L. 86–147, § 27, as added Pub. L. 94–302, title I, § 101, May 31, 1976, 90 Stat. 591.) § 283y. Repealed. Pub. L. 95–118, title VII, § 702, Oct. 3, 1977, 91 Stat. 1070 Section, Pub. L. 86–147, § 28, as added Pub. L. 94–302, title I, § 103(a)(1), May 31, 1976, 90 Stat. 592; H. Res. 5, Jan. 4, 1977, set forth provisions relating to United States participation in financial assistance by Inter- American Development Bank to any country engaging in a consistent pattern of gross violations of inter- nationally recognized human rights. See section 262d of this title. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF REPEAL Repeal effective Oct. 3, 1977, see section 1001 of Pub. L. 95–118, set out as an Effective Date note under sec- tion 282i of this title.