Title 22 — Foreign Relations and IntercourseRelease 119-73not60

§283l Increase in Resources of the Fund for Special Operations

Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter XII— INTER-AMERICAN DEVELOPMENT BANK › § 283l

Last updated Apr 5, 2026|Official source

Summary

The U.S. Governor at the Bank may vote to approve adding $750,000,000 to the Fund for Special Operations and agree that the United States will pay that amount. Congress may appropriate the $750,000,000 and it can be made available without any fiscal year limit. If the President has suspended U.S. aid to a government because of actions on or after January 1, 1962, and that country does not fix the problem in a reasonable time, the United States must use its vote to block any loan from that Fund to that country.

Full Legal Text

Title 22, §283l

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)The United States Governor of the Bank is hereby authorized to vote in favor of the resolution entitled “Increase of Resources of the Fund for Special Operations” proposed by the Governors at their annual meeting in April 1964, and now pending before the Board of Governors of the Bank. Upon the adoption of such resolution, the United States Governor is authorized to agree, on behalf of the United States to pay to the Fund for Special Operations of the Bank, the sum of $750,000,000, in accordance with and subject to the terms and conditions of such resolution.

(b)There is hereby authorized to be appropriated without fiscal year limitation, for the United States share in the increase in the resources of the Fund for Special Operations of the Bank, the sum of $750,000,000.

(c)With respect to any dollars herein provided, the voting power of the United States shall be exercised for the purpose of disapproving any loan from the Fund for Special Operations of the Bank for any project, enterprise, or activity in any country, during any period for which the President has suspended assistance to the government of such country because of any action taken on or after January 1, 1962, by the government of such country or any government agency or subdivision within such country as specified in paragraph (A), (B), or (C) of subsection (e)(1) of section 2370 of this title, and the failure of such country within a reasonable time to take appropriate steps to discharge its obligations or provide relief in accordance with provisions of such subsection.

Reference

Citations & Metadata

Citation

22 U.S.C. § 283l

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60