§283o Increase in Authorized Capital Stock and Additional Subscriptions of Members Thereto; Increase in Resources of Fund for Special Operations and Contributions Thereto; United States Share; Authorization of Appropriations

Summary

The U.S. Governor on the Bank’s board may vote to approve two resolutions from the Bank’s April 1970 meeting. If they pass, the United States can agree to take 82,352 new shares at $10,000 par value each — 67,352 as callable shares and 15,000 as paid‑in shares — and to pay $100,000,000 as an initial annual payment to the Fund for Special Operations, plus two more annual payments of $450,000,000 each if Congress later approves them. Congress also allows money, with no time limit, for the Treasury to pay the required U.S. amounts: three annual payments of $50,000,000 for paid‑in capital, two payments of $336,760,000 for callable capital, and one payment of $100,000,000 for the Fund increase.