Title 22, Foreign Relations and IntercourseRelease 119-110
§283ff Subscription of Stock
Title 22 › CHAPTER 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC. › SUBCHAPTER XII–A — INTER-AMERICAN INVESTMENT CORPORATION › § 283ff
Summary
The Secretary of the Treasury may buy 5,100 shares of the Corporation for the United States, but only if Congress has already provided the money in appropriations laws. Congress has authorized $51,000,000 for that purchase with no fiscal year limit. Any dividends paid to the United States must go into the Treasury as miscellaneous receipts.
Full Legal Text
Title 22, §283ff
Foreign Relations and Intercourse, Source: USLM XML via OLRC
(a)Secretary of the Treasury as subscribing authority
The Secretary of the Treasury is authorized to subscribe on behalf of the United States to five thousand one hundred shares of the capital stock of the Corporation: Provided, however, That the subscription shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.
(b)Authorization of appropriations
There is authorized to be appropriated, without fiscal year limitation, for payment by the Secretary of the Treasury of the subscription of the United States for those shares, $51,000,000.
(c)Disposition of dividends
Any payment of dividends made to the United States by the Corporation shall be deposited into the Treasury as a miscellaneous receipt.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section is based on section 207 of title II of S. 2416, Ninety-eighth Congress, as introduced Mar. 13, 1984, and enacted into law by Pub. L. 98–473.
Statutory Notes and Related Subsidiaries
First General Capital Increase Pub. L. 106–113, div. B, § 1000(a)(2) [title V, § 594], Nov. 29, 1999, 113 Stat. 1535, 1501A–122, provided in part that the Secretary of the Treasury may effect the United States participation in the first general capital increase of the Inter-American Investment Corporation, and authorized $125,180,000 to be appropriated without fiscal year limitation for payment by the Secretary for paid-in capital of the Corporation.
Reference
Citations & Metadata
Citation
22 U.S.C. § 283ff
Title 22, Foreign Relations and Intercourse
Last Updated
Sep 22, 2026
Release point: 119-110