22 U.S.C. § 285v — Sense of Congress respecting membership

Page 166 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 285u be appropriated without fiscal year limitation $180,000,000 for payment by the Secretary of the Treasury: Provided, however, That not more than $14,116,177 may be made available for such con- tribution for the fiscal year 1982. (Pub. L. 89–369, § 23, as added Pub. L. 95–118, title V, § 501, Oct. 3, 1977, 91 Stat. 1069; amended Pub. L. 97–35, title XIII, § 1352(c), Aug. 13, 1981, 95 Stat. 745.) Editorial Notes AMENDMENTS 1981—Subsec. (b). Pub. L. 97–35 inserted provision lim- iting amount of appropriations available for contribu- tions 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. EFFECTIVE DATE Section effective Oct. 3, 1977, except that no funds au- thorized to be appropriated by this section may be available for use or obligation prior to Oct. 1, 1977, see section 1001 of Pub. L. 95–118, set out as a note under section 282i of this title. § 285u. Additional contribution to special funds (a) United States share The United States Governor of the Bank is au- thorized to contribute on behalf of the United States $378,250,000 to the Asian Development Fund, a special fund of the Bank, except that any commitment to make such contribution shall be made subject to obtaining the necessary appropriations. (b) Authorization of appropriations; maximum available for certain years In order to pay for the United States contribu- tion to the Asian Development Fund provided for in this section, there are authorized to be ap- propriated, without fiscal year limitation, $378,250,000 for payment by the Secretary of the Treasury: Provided, however, That not more than $111,250,000 of such sum may be made available for the fiscal year 1982, and not more than $44,500,000 of such sum 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 Asian Development Fund authorized by this section by letter of credit in four annual 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. (Pub. L. 89–369, § 24, as added Pub. L. 96–259, title II, § 201, June 3, 1980, 94 Stat. 430; amended Pub. L. 97–35, title XIII, § 1352(b), Aug. 13, 1981, 95 Stat. 744.) Editorial Notes AMENDMENTS 1981—Subsec. (b). Pub. L. 97–35 inserted provision lim- iting amount of appropriations 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. § 285v. Sense of Congress respecting membership of Taiwan in Bank It is the sense of the Congress that it is the policy of the United States that Taiwan (before January 1, 1979, known as the Republic of China) shall be permitted to retain membership in the Asian Development Bank and that the United States Executive Director of the Bank shall no- tify the Bank that a serious review of future United States participation, including any fu- ture payments to the Asian Development Fund, would ensue if Taiwan were expelled from the Bank. (Pub. L. 89–369, § 25, as added Pub. L. 96–259, title II, § 201, June 3, 1980, 94 Stat. 430.) § 285w. Contribution to Asian Development Fund; authorization of appropriations (a) The United States Governor of the Bank is authorized to contribute on behalf of the United States $66,750,000 to the Asian Development Fund, a special fund of the Bank: Provided, how- ever, That any commitment to make such con- tribution shall be made subject to obtaining the necessary appropriations. (b) In order to pay for the United States con- tribution to the Asian Development Fund pro- vided for in this section, there is authorized to be appropriated, without fiscal year limitation, $66,750,000 for payment by the Secretary of the Treasury: Provided, however, That no funds may be made available for such contribution for the fiscal year 1982. (Pub. L. 89–369, § 26, as added Pub. L. 97–35, title XIII, § 1352(a), Aug. 13, 1981, 95 Stat. 744.) Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section 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 a note under section 290i of this title. § 285x. Additional subscription to shares (a) United States share (1) The United States Governor of the Bank is authorized to subscribe on behalf of the United States to one hundred twenty-three thousand three hundred and seventy-five additional shares of the capital stock of the Bank.