Title 22, Foreign Relations and IntercourseRelease 119-73not60

§283z–3 Increase in Authorized Capital Stock of Bank and Increases in Resources of Fund for Special Operations; United States Share; Authorization of Appropriations

Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter XII— INTER-AMERICAN DEVELOPMENT BANK › § 283z–3

Last updated Apr 5, 2026|Official source

Summary

The United States Governor of the Bank may vote to approve measures from a February 1983 special meeting and other actions before the Bank’s Board that raise the Bank’s capital and increase the Fund for Special Operations’ resources. If those measures pass, the United States may buy 427,396 new shares and give $350,000,000 to the Fund. Any promise to buy or give money only counts if Congress provides the funds first. Congress may appropriate, without a fiscal year limit, $5,155,862,744 for the stock purchase and $350,000,000 for the Fund.

Full Legal Text

Title 22, §283z–3

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)(1)The United States Governor of the Bank is authorized to vote for resolutions—

(A)which were proposed by the Governors at a special meeting in February 1983;

(B)which are pending before the Board of Governors of the Bank; and

(C)which provide for—

(i)an increase in the authorized capital stock of the Bank and subscriptions thereto; and

(ii)an increase in the resources of the Fund for Special Operations and contributions thereto.

(2)(A)Upon adoption of the resolutions specified in paragraph (1), the United States Governor of the Bank is authorized on behalf of the United States to—

(i)subscribe to 427,396 shares of the increase in the authorized capital stock of the Bank; and

(ii)contribute $350,000,000 to the Fund for Special Operations.

(B)Any commitment to make such subscriptions to paid-in and callable capital stock and to make such contributions to the Fund for Special Operations shall be effective only to such extent or in such amounts as are provided in advance in appropriation Acts.

(b)In order to pay for the increase in the United States subscription and contribution provided for in this section, there are authorized to be appropriated, without fiscal year limitation, for payment by the Secretary of the Treasury—

(1)$5,155,862,744 for the United States subscriptions to the capital stock of the Bank; and

(2)$350,000,000 for the United States share of the increase in the resources of the Fund for Special Operations.

Reference

Citations & Metadata

Citation

22 U.S.C. § 283z–3

Title 22, Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60