22 U.S.C. § 283q — Articles of agreement; authorization to

Page 148 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 283p seven thousand three hundred and fifty-two shall be callable shares and fifteen thousand shall be paid in and (2) to pay to the Fund for Special Operations an initial annual installment of $100,000,000 and, upon further authorization by the Congress two subsequent annual install- ments of $450,000,000 each, 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) three annual in- stallments of $50,000,000 each for the United States subscription to paid-in capital stock of the Bank; (2) two installments of $336,760,000 each for the United States subscription to the callable capital stock of the Bank; and (3) one installment of $100,000,000 for the United States share of the increase in the resources of the Fund for Special Operations of the Bank. (Pub. L. 86–147, § 18, as added Pub. L. 91–599, ch. 2, § 21(a), Dec. 30, 1970, 84 Stat. 1658.) § 283p. Authorization for payment of United States contribution to increase Fund for Spe- cial Operations; authorization of appropria- tions (a) The United States Governor of the Bank is authorized to pay to the Fund for Special Oper- ations two annual installments of $450,000,000 each in accordance with and subject to the terms and conditions of the resolution adopted by the Board of Governors on December 31, 1970, concerning an increase in the resources of the Fund for Special Operations and contributions thereto. (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 the two annual install- ments of $450,000,000 each for the United States share of the increase in the resources of the Fund for Special Operations of the Bank. (Pub. L. 86–147, § 19, as added Pub. L. 92–246, § 1, Mar. 10, 1972, 86 Stat. 59.) § 283q. Articles of agreement; authorization to agree to amendments The United States Governor of the Bank is au- thorized to agree to amendments to the provi- sions of the articles of agreement as provided in proposed Board of Governors resolutions enti- tled (a) ‘‘Amendment of the Provisions of the Agreement Establishing the Bank with Respect to Membership and to Related Matters’’ and (b) ‘‘Amendment of the Provisions of the Agree- ment Establishing the Bank with Respect to the Election of Executive Directors’’. (Pub. L. 86–147, § 20, as added Pub. L. 92–246, § 1, Mar. 10, 1972, 86 Stat. 59.) § 283r. Expropriation of United States property; loan restrictions The President shall instruct the United States Executive Director of the Bank to vote against any loan or other utilization of the funds of the Bank for the benefit of any country which has— (1) nationalized or expropriated or seized ownership or control of property owned by any United States citizen or by any corporation, partnership, or association not less than 50 per centum of which is beneficially owned by United States citizens; (2) taken steps to repudiate or nullify exist- ing contracts or agreements with any United States citizen or any corporation, partnership, or association not less than 50 per centum of which is beneficially owned by United States citizens; or (3) imposed or enforced discriminatory taxes or other exactions, or restrictive maintenance or operational conditions, or has taken other actions, which have the effect of nationalizing, expropriating, or otherwise seizing ownership or control of property so owned; unless the President determines that (A) an ar- rangement for prompt, adequate, and effective compensation has been made, (B) the parties have submitted the dispute to arbitration under the rules of the Convention for the Settlement of Investment Disputes, or (C) good faith nego- tiations are in progress aimed at providing prompt, adequate, and effective compensation under the applicable principles of international law. (Pub. L. 86–147, § 21, as added Pub. L. 92–246, § 1, Mar. 10, 1972, 86 Stat. 59.) § 283s. Illegal drug traffic; loan restrictions The Secretary of the Treasury shall instruct the United States Executive Director of the Bank to vote against any loan or other utiliza- tion of the funds of the Bank 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 con- trolled substances (as defined by the Com- prehensive Drug Abuse Prevention and Control Act of 1970 [21 U.S.C. 801 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 con- tinue 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. (Pub. L. 86–147, § 22, as added Pub. L. 92–246, § 2, Mar. 10, 1972, 86 Stat. 60.) Editorial Notes REFERENCES IN TEXT The Comprehensive Drug Abuse Prevention and Con- trol Act of 1970, referred to in text, is Pub. L. 91–513, Oct. 27, 1970, 84 Stat. 1236, which is classified prin- cipally to chapter 13 (§ 801 et seq.) of Title 21, Food and Drugs. For complete classification of this act to the Code, see Short Title note set out under section 801 of Title 21 and Tables. § 283t. Authorization to vote on proposed resolu- tions The United States Governor of the Bank is au- thorized to vote for three proposed resolutions