Title 22 — Foreign Relations and IntercourseRelease 119-73
§290g–7 Force and effect of agreement; deposit of documents by the President; reservation of right to tax salaries and emoluments paid by the Fund to United States citizens or nationals
Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XXII— - AFRICAN DEVELOPMENT FUND › § 290g–7
Summary
When the U.S. accepts and the Fund starts, the agreement (including articles 41–50) becomes binding in the United States, its territories, and Puerto Rico. The President must file a statement keeping the U.S. right to tax Fund salaries and may reserve other matters in article 58.
Full Legal Text
Title 22, §290g–7
Foreign Relations and Intercourse — Source: USLM XML via OLRC
The agreement, including without limitation articles 41 through 50, shall have full force and effect in the United States, its territories and possessions, and the Commonwealth of Puerto Rico, upon the acceptance of participation by the United States in, and the entry into force of, the Fund. The President, at the time of deposit of the instrument of acceptance of participation of the United States in the Fund, shall also deposit a declaration that the United States retains for itself and its political subdivisions the right to tax salaries and emoluments paid by the Fund to its citizens or nationals and may deposit a declaration providing for reservations on other matters set forth in article 58.
Reference
Citations & Metadata
Citation
22 U.S.C. § 290g–7
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 6, 2026
Release point: 119-73