Title 22 — Foreign Relations and IntercourseRelease 119-73
§285k Utilization of United States Special Resources
Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XIV— - ASIAN DEVELOPMENT BANK › § 285k
Summary
U.S. letters of credit from special funds can be issued only when the U.S. share is less than half of all special-fund contributions and is no bigger than the largest contribution by any other single country. The U.S. Governor must make sure the funds are used fairly and that other contributors take a significant part in each fund receiving U.S. resources.
Full Legal Text
Title 22, §285k
Foreign Relations and Intercourse — Source: USLM XML via OLRC
(a)The letters of credit provided for in section 285l of this title shall be issued to the Bank only to the extent that at the time of issuance the cumulative amount of the United States Special Resources provided to the Bank (A) constitute a minority of all special funds contributions to the Bank, and (B) are no greater than the largest cumulative contribution of any other single country contributing to the special funds of the Bank.
(b)The United States Governor of the Bank shall give due regard to the principles of (A) utilizing all special funds resources on an equitable basis, and (B) significantly shared participation by other contributors in each special fund to which United States Special Resources are provided.
Reference
Citations & Metadata
Citation
22 U.S.C. § 285k
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 6, 2026
Release point: 119-73