§283o Increase in authorized capital stock and additional subscriptions of members thereto; increase in resources of Fund for Special Operations and contributions thereto; United States share; authorization of appropriations

Summary

The United States may have its Governor vote to approve two April 1970 bank resolutions that raise the bank’s capital and add money to the Fund for Special Operations. If approved, the U.S. can agree to buy 82,352 new shares at $10,000 each (67,352 callable and 15,000 paid‑in) and to pay $100,000,000 now to the Fund and, if Congress later agrees, two more annual payments of $450,000,000 each. Congress lets the Treasury spend, with no fiscal‑year limit, the money needed to make these payments: three yearly $50,000,000 installments for the paid‑in capital, two installments of $336,760,000 for the callable capital, and one $100,000,000 payment for the Fund.