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LegalText 22 U.S.C. § 286e1h Increase of subscription of stock; authority of United States Governor of Bank; authorization of appropriations us united_states_code code_section 22 FOREIGN RELATIONS AND INTERCOURSE 7 INTERNATIONAL BUREAUS, CONGRESSES, ETC. 286e1h 22 U.S.C. § 286e1h current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc22@119-100.zip /us/usc/t22/s286e1h data/legal/raw/us/code/title-22/usc22.xml e723213de9e58314adafc63f41228b1a543346331209424e304dff02f7dec1b8 b9c63ede722f5e0bf8eabfe9029e06e312ab9bcfd95c4d1424ed515baff1df83 cf09dcdc88afe1c0d07b0af8a8e14139babb77101234f3988d1eab0f59d87718 2026-07-04 official
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22 U.S.C. § 286e1h - Increase of subscription of stock; authority of United States Governor of Bank; authorization of appropriations

Text

(a) The United States Governor of the Bank is authorized—

(1) to vote to increase by three hundred and sixty-five thousand shares the authorized capital stock of the Bank; and

(2) to subscribe on behalf of the United States to not more than seventy-three thousand and ten shares of the capital stock of the Bank: Provided, however, That not more than seven and one-half percent ($658,305,195) of the price of the shares subscribed may be paid in to the Bank on subscription, with the remainder of that price ($8,149,256,155) being subject to call only when a call on unpaid subscriptions is required to meet obligations of the Bank for funds borrowed or on loans guaranteed by it and not for use by the Bank in its lending activities or for administrative expenses: Provided further, That any subscription to such additional shares shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.

(b) In order to pay for the paid-in portion of the United States subscription to the Bank provided for in this section, there is authorized to be appropriated, without fiscal year limitation, $658,305,195 for payment by the Secretary of the Treasury: Provided, however, That not more than $109,720,549 of such sum may be made available for each of the fiscal years 1982, 1983, and 1984.

(July 31, 1945, ch. 339, § 39, as added Pub. L. 9735, title XIII, § 1311, Aug. 13, 1981, 95 Stat. 740.)

Notes

Statutory Notes and Related Subsidiaries

Effective DateSection 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. 9735, set out as a note under section 290i of this title.