Title 22, Foreign Relations and IntercourseRelease 119-73not60

§283x Subscription to Additional Shares; Authorization of Appropriations

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

Last updated Apr 5, 2026|Official source

Summary

The U.S. Governor of the Bank may vote to add 108,000 shares of callable capital stock, each with a $10,000 par value, as the Board of Governors recommended. Once the Board approves that increase, the Governor can agree for the United States to subscribe to 37,303 of those $10,000 shares under the Board’s terms. To pay for the United States’ subscription, $450,002,218 is approved to be paid by the Secretary of the Treasury, with no time limit on when the money can be used.

Full Legal Text

Title 22, §283x

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)The United States Governor of the Bank is hereby authorized to vote for an additional increase of one hundred and eight thousand shares of $10,000 par value in the authorized callable capital stock of the Bank as recommended in the resolution of the Board of Governors entitled “Increase of US$4 Billion in the Authorized Capital Stock and Subscriptions Thereto.” Upon adoption of a Board of Governors resolution increasing the authorized capital stock of the Bank by such amount, the United States Governor is authorized to agree on behalf of the United States to subscribe to thirty-seven thousand three hundred and three shares of $10,000 par value of such additional increase in callable capital in accordance with and subject to the terms and conditions of such resolution.

(b)In order to pay for the increase in the United States subscription to the Bank provided for in this section, there is hereby authorized to be appropriated, without fiscal year limitation, $450,002,218 for payment by the Secretary of the Treasury.

Reference

Citations & Metadata

Citation

22 U.S.C. § 283x

Title 22, Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60