Title 22 — Foreign Relations and IntercourseRelease 119-73
§285q Subscription to additional shares; authorization of appropriations
Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XIV— - ASIAN DEVELOPMENT BANK › § 285q
Summary
The U.S. Governor of the Bank may buy 30,000 additional shares of the Bank’s capital stock for the United States under the terms of Resolution No. 46 the Bank’s Board of Governors adopted on November 30, 1971. To pay for those extra shares, $361,904,726 is set aside to be paid by the Secretary of the Treasury, with no fiscal year limit.
Full Legal Text
Title 22, §285q
Foreign Relations and Intercourse — Source: USLM XML via OLRC
(a)The United States Governor of the Bank is authorized to subscribe on behalf of the United States to thirty thousand additional shares of the capital stock of the Bank in accordance with and subject to the terms and conditions of Resolution Numbered 46 adopted by the Bank’s Board of Governors on November 30, 1971.
(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 $361,904,726 for payment by the Secretary of the Treasury.
Reference
Citations & Metadata
Citation
22 U.S.C. § 285q
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 6, 2026
Release point: 119-73