Title 22 — Foreign Relations and IntercourseRelease 119-73

§283x Subscription to additional shares; authorization of appropriations

Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XII— - INTER-AMERICAN DEVELOPMENT BANK › § 283x

Last updated Apr 6, 2026|Official source

Summary

Allows the United States Governor of the Bank to vote to increase the Bank’s callable capital by 108,000 shares at $10,000 par value. If the Board of Governors approves that increase, the U.S. Governor can agree for the United States to buy 37,303 of those new $10,000 shares under the board’s resolution. To pay for the U.S. purchase, $450,002,218 is appropriated to the Secretary of the Treasury, available without fiscal year limitation.

Full Legal Text

Title 22, §283x

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)The United States Governor of the Bank is hereby authorized to vote for an additional increase of one hundred and eight thousand shares of $10,000 par value in the authorized callable capital stock of the Bank as recommended in the resolution of the Board of Governors entitled “Increase of US$4 Billion in the Authorized Capital Stock and Subscriptions Thereto.” Upon adoption of a Board of Governors resolution increasing the authorized capital stock of the Bank by such amount, the United States Governor is authorized to agree on behalf of the United States to subscribe to thirty-seven thousand three hundred and three shares of $10,000 par value of such additional increase in callable capital in accordance with and subject to the terms and conditions of such resolution.

(b)In order to pay for the increase in the United States subscription to the Bank provided for in this section, there is hereby authorized to be appropriated, without fiscal year limitation, $450,002,218 for payment by the Secretary of the Treasury.

Reference

Citations & Metadata

Citation

22 U.S.C. § 283x

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73