22 U.S.C. § 283y — Repealed. Pub. L. 95–118, title VII, § 702,

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. Page 150 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 283z § 283z. Proposal of light-capital or intermediate technologies as part of Bank’s development strategy (a) Contents of proposed resolution The United States Executive Director of the Bank shall propose to the Board of Executive Directors of the Bank the adoption of a resolu- tion providing (1) that the development and uti- lization of light-capital or intermediate tech- nologies should be accepted as major facets of the Bank’s development strategy, and (2) that such light-capital or intermediate technologies should be developed and utilized as soon as pos- sible in all Bank activities. Such resolution shall further provide that, by the close of the calendar year 1977, some projects that employ primarily such light-capital or intermediate technologies shall be designed and approved. (b) Progress report to Congress The United States Governor of the Bank shall report to the Congress no later than six months after May 31, 1976, on the proposal made under subsection (a), and no later than twelve months after such date on the progress that has been made with respect to such proposal. (Pub. L. 86–147, § 28, formerly § 29, as added Pub. L. 94–302, title I, § 104, May 31, 1976, 90 Stat. 593; renumbered § 28, Pub. L. 96–259, title I, § 101(1), June 3, 1980, 94 Stat. 429.) Editorial Notes PRIOR PROVISIONS A prior section 28 of Pub. L. 86–147, as added by sec- tion 103(a)(1) of Pub. L. 94–302, was classified to section 283y of this title prior to repeal by Pub. L. 95–118, title VII, § 702, Oct. 3, 1977, 91 Stat. 1070. § 283z–1. Increase in authorized capital stock of Bank and increase in resources of Fund for Special Operations (a) United States share The United States Governor of the Bank is au- thorized to vote for two resolutions which were proposed by the Governors at a special meeting in December 1978 and are pending before the Board of Governors of the Bank. These resolu- tions provide for (1) an increase in the author- ized capital stock of the Bank and additional subscriptions thereto, and (2) an increase in the resources of the Fund for Special Operations and contributions thereto. Upon adoption of these resolutions, the United States Governor is au- thorized on behalf of the United States (A) to subscribe to two hundred twenty-seven thousand eight hundred and ninety-six shares of the in- crease in the authorized capital stock of the Bank, of which two hundred ten thousand eight hundred and four shall be callable and seventeen thousand and ninety-two shall be paid-in, and (B) to contribute to the Fund for Special Oper- ations $630,000,000; except that any commitment to make such subscriptions to paid-in and call- able capital stock and to make such contribu- tions to the Fund for Special Operations shall be effective only to such extent or in such amounts as are provided in advance in appropriation Acts. (b) Authorization of appropriations In order to pay for the increase in the United States subscription and contribution provided for in this section, there are authorized to be ap- propriated, without fiscal year limitation, for payment by the Secretary of the Treasury (1) $2,474,287,189 for the United States subscription to the capital stock of the Bank, and (2) $630,000,000 for the United States share of the in- crease in the resources of the Fund for Special Operations: Provided, however, That for contribu- tions to the Fund for Special Operations, not more than $175,000,000 may be made available for the fiscal year 1982, and not more than $105,000,000 may be made available for the fiscal year 1983. (c) Funding requirements For the purpose of keeping to a minimum the cost to the United States, the Secretary of the Treasury— (1) shall pay the United States contribution to the Fund for Special Operations authorized by this section by letter of credit in four an- nual installments; and (2) shall take the steps necessary to obtain a certification from the Bank that any undisbursed balances resulting from drawdowns on such letter of credit will not ex- ceed at any time the United States share of expected disbursement requirements for the following three-month period. (d) Limitation of funds to members of Bank None of the funds authorized to be appro- priated by this section may be used for any form of assistance to any country which is not a member of the Bank. (Pub. L. 86–147, § 29, as added Pub. L. 96–259, title I, § 101(2), June 3, 1980, 94 Stat. 429; amended Pub. L. 97–35, title XIII, § 1351(b), 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 years 1982 and 1983. 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. § 283z–2. Contribution to Inter-American Devel- opment Bank; authorization of appropria- tions (a) The United States Governor of the Bank is authorized on behalf of the United States to contribute to the Fund for Special Operations $70,000,000: Provided, however, That any commit- ment to make such contribution shall be made subject to obtaining the necessary appropria- tions. (b) In order to pay for a portion of the increase in the United States subscription to the capital