Title 22 — Foreign Relations and IntercourseRelease 119-83
§290i–13 General callable capital increase
Title 22 › Chapter CHAPTER 7— - INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter SUBCHAPTER XXIV— - AFRICAN DEVELOPMENT BANK › § 290i–13
Summary
The U.S. Governor of the Bank may agree to buy 800,000 additional shares on behalf of the United States. Any such purchase only counts if Congress has first provided the money in an appropriations law. Congress is allowed to appropriate $7,800,000,000, with no fiscal year limit, so the Secretary of the Treasury can pay for the Bank’s callable shares.
Full Legal Text
Title 22, §290i–13
Foreign Relations and Intercourse — Source: USLM XML via OLRC
(a)(1)The United States Governor of the Bank may subscribe on behalf of the United States to 800,000 additional shares of the capital stock of the Bank.
(2)Any subscription by the United States to the capital stock of the Bank shall be effective only to such extent and in such amounts as are provided in advance in appropriations Acts.
(b)For the increase in the United States subscription to the Bank under subsection (a), there is authorized to be appropriated, without fiscal year limitation, $7,800,000,000, for payment by the Secretary of the Treasury for callable shares of the Bank.
Reference
Citations & Metadata
Citation
22 U.S.C. § 290i–13
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 18, 2026
Release point: 119-83