22 USC 282i - Increase in capital stock of Corporation; subscription to additional shares

U.S Code last checked for updates: Nov 22, 2024

§ 282i.

Increase in capital stock of Corporation; subscription to additional shares

(a)

The United States Governor of the Corporation is authorized—

(1)

to vote for an increase of five hundred and forty thousand shares in the authorized capital stock of the Corporation; and

(2)

if such increase becomes effective, to subscribe on behalf of the United States to one hundred and eleven thousand four hundred and ninety-three additional shares of the capital stock of the Corporation: Provided, however, That any commitment to make payment for such additional subscriptions shall be made subject to obtaining the necessary appropriations.

(b)

In order to pay for the increase in the United States subscription to the Corporation provided for in this section, there are authorized to be appropriated, without fiscal year limitation, $111,493,000 for payment by the Secretary of the Treasury.

(Aug. 11, 1955, ch. 788, § 11, as added Pub. L. 95–118, title III, § 301, Oct. 3, 1977, 91 Stat. 1068.)

cite as: 22 USC 282i