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Title 22 — Foreign Relations and IntercourseRelease 119-73

§282i Increase in capital stock of Corporation; subscription to additional shares

Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XI— - INTERNATIONAL FINANCE CORPORATION › § 282i

Last updated Apr 6, 2026|Official source

Summary

The United States Governor of the Corporation may vote to raise the company's authorized stock by 540,000 shares. If that increase goes into effect, the Governor may sign the United States up for 111,493 more shares, but any promise to pay must wait until Congress approves the needed funds. Congress also allows $111,493,000 to be set aside, with no fiscal year limit, for the Secretary of the Treasury to pay for those shares.

Full Legal Text

Title 22, §282i

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(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.

Legislative History

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Effective Date

Pub. L. 95–118, title X, § 1001, Oct. 3, 1977, 91 Stat. 1072, provided that: “This Act [enacting this section and section 262c, 262d, 262e to 262g, 284n, 285s, 285t, 286e–1f, and 290g–10 of this title, repealing section 283y, 284m, 290g–9 of this title, and enacting provisions set out as a note under section 262c of this title] shall take effect on the date of its enactment [Oct. 3, 1977], except that no funds authorized to be appropriated by any amendment contained in title II, III, IV, V, or VI [enacting this section and section 286e–1f, 284n, 285s, 285t, or 290g–10 of this title] may be available for use or obligation prior to October 1, 1977”.

Reference

Citations & Metadata

Citation

22 U.S.C. § 282i

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73