Title 22, Foreign Relations and IntercourseRelease 119-110

§282e Payment of Subscriptions to Corporation by United States; Dividends Covered Into Treasury

Title 22 › CHAPTER 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC. › SUBCHAPTER XI — INTERNATIONAL FINANCE CORPORATION › § 282e

Last updated Sep 22, 2026|Official source

Summary

The Treasury Secretary can pay the United States’ subscription to the Corporation. The Secretary may use up to $35,168,000 from money raised by selling government securities under chapter 31 of title 31, and that payment and any repayment count as public-debt transactions. Any dividends the Corporation pays to the United States must be turned into the Treasury as miscellaneous receipts.

Full Legal Text

Title 22, §282e

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)Authority of Secretary of the Treasury

The Secretary of the Treasury is authorized to pay the subscription of the United States to the Corporation and for this purpose is authorized to use as a public-debt transaction not to exceed $35,168,000 of the proceeds of any securities hereafter issued under chapter 31 of title 31, and the purposes for which securities may be issued under that chapter are extended to include such purpose. Payment under this subsection of the subscription of the United States to the Corporation and any repayment thereof shall be treated as public-debt transactions of the United States.

(b)Dividends treated as miscellaneous receipts

Any payment of dividends made to the United States by the Corporation shall be covered into the Treasury as a miscellaneous receipt.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Codification In subsec. (a), “chapter 31 of title 31” and “that chapter” substituted for “the Second Liberty Bond Act, as amended” and “that Act”, respectively, on authority of Pub. L. 97–258, § 4(b), Sept. 13, 1982, 96 Stat. 1067, the first section of which enacted Title 31, Money and Finance.

Reference

Citations & Metadata

Citation

22 U.S.C. § 282e

Title 22, Foreign Relations and Intercourse

Last Updated

Sep 22, 2026

Release point: 119-110