22 USC 290g-11 - Additional authorization for payment of United States contribution

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

§ 290g–11.

Additional authorization for payment of United States contribution

(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 African Development Fund authorized by this section by letter of credit in three annual installments; and

(2)

shall take the steps necessary to obtain a certification from the Fund that any undisbursed balances resulting from draw-downs 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.

(Pub. L. 94–302, title II, § 212, as added Pub. L. 96–259, title III, § 301(2), June 3, 1980, 94 Stat. 430.)

cite as: 22 USC 290g-11