22 USC 283z-1 - Increase in authorized capital stock of Bank and increase in resources of Fund for Special Operations

U.S Code last checked for updates: Oct 17, 2024

§ 283z–1.

Increase in authorized capital stock of Bank and increase in resources of Fund for Special Operations

(a)

United States share

(b)

Authorization of appropriations

(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 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 exceed 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

(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.)

cite as: 22 USC 283z-1