PRIA Logo™
Take the PRIA Score
Title 22 — Foreign Relations and IntercourseRelease 119-73

§285s Additional subscription to shares; authorization of appropriations

Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XIV— - ASIAN DEVELOPMENT BANK › § 285s

Last updated Apr 6, 2026|Official source

Summary

The United States Governor of the Bank may subscribe, for the United States, to 67,500 more shares of the Bank’s capital stock, but any purchase only counts to the extent and in the amounts that Congress approves in advance in spending laws. Congress may provide $814,286,250 to pay for this increase, with that money available without a fiscal-year time limit and to be paid by the Secretary of the Treasury.

Full Legal Text

Title 22, §285s

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 sixty-seven thousand and five hundred additional shares of the capital stock of the Bank: Provided, however, That any subscription to additional shares shall be effective only to such extent or in such amounts as are provided in advance in appropriation Acts.
(b)In order to pay for the increase in the United States subscription to the Bank provided for in this section, there are authorized to be appropriated without fiscal year limitation $814,286,250 for payment by the Secretary of the Treasury.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

1981—Subsec. (a). Pub. L. 97–35 substituted “effective only to such extent or in such amounts as are provided in advance in appropriation Acts” for “made only after the amount required for such subscription has been appropriated”.

Statutory Notes and Related Subsidiaries

Effective Date

of 1981 AmendmentAmendment by Pub. L. 97–35 effective Aug. 13, 1981, except that any funds authorized to be appropriated shall not be available for use or obligation prior to Oct. 1, 1981, see section 1372 of Pub. L. 97–35, set out as an

Effective Date

note under section 290i of this title.

Effective Date

Section effective Oct. 3, 1977, except that no funds authorized to be appropriated by this section may be available for use or obligation prior to Oct. 1, 1977, see section 1001 of Pub. L. 95–118, set out as a note under section 282i of this title.

Reference

Citations & Metadata

Citation

22 U.S.C. § 285s

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73