Title 22 — Foreign Relations and IntercourseRelease 119-73

§290g–11 Additional authorization for payment of United States contribution

Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XXII— - AFRICAN DEVELOPMENT FUND › § 290g–11

Last updated Apr 6, 2026|Official source

Summary

The United States may provide $125,000,000 to the African Development Fund for its second replenishment. Any promise to pay that money must wait until Congress approves the needed appropriations. Up to $125,000,000 may be appropriated without a fiscal year limit for the Treasury Secretary to use. The Treasury Secretary must pay the U.S. contribution by letter of credit in three annual installments. The Treasury must also get the Fund to certify that any undisbursed balance from draws on that letter of credit will never exceed the U.S. share of expected disbursements for the following three-month period.

Full Legal Text

Title 22, §290g–11

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)The United States Governor of the Fund is authorized to contribute on behalf of the United States $125,000,000 to the Fund as the United States contribution to the second replenishment of the resources of the Fund, except that any commitment to make such contribution shall be made subject to obtaining the necessary appropriations.

(b)In order to pay for the United States contribution provided for in this section, there is authorized to be appropriated, without fiscal year limitation, $125,000,000 for payment by the Secretary of the Treasury.

(c)For the purpose of keeping to a minimum the cost to the United States, the Secretary of the Treasury—

(1)shall pay the United States contribution to the African Development Fund authorized by this section by letter of credit in three annual installments; and

(2)shall take the steps necessary to obtain a certification from the Fund that any undisbursed balances resulting from draw-downs on such letter of credit will not exceed at any time the United States share of expected disbursement requirements for the following three-month period.

Reference

Citations & Metadata

Citation

22 U.S.C. § 290g–11

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73