Title 22 — Foreign Relations and IntercourseRelease 119-73not60
§285s Additional Subscription to Shares; Authorization of Appropriations
Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter XIV— ASIAN DEVELOPMENT BANK › § 285s
Summary
The United States Governor of the Bank may buy 67,500 additional shares of the Bank’s capital stock for the United States. That purchase only takes place if Congress approves the money in advance in its funding laws. Up to $814,286,250 is allowed to be provided to the Secretary of the Treasury to pay for those extra shares. That money does not expire at the end of a fiscal year.
Full Legal Text
Title 22, §285s
Foreign Relations and Intercourse — Source: USLM XML via OLRC
(a)The United States Governor of the Bank is authorized to subscribe on behalf of the United States to sixty-seven thousand and five hundred additional shares of the capital stock of the Bank: Provided, however, That any subscription to additional shares 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 to the Bank provided for in this section, there are authorized to be appropriated without fiscal year limitation $814,286,250 for payment by the Secretary of the Treasury.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1981—Subsec. (a). Pub. L. 97–35 substituted “effective only to such extent or in such amounts as are provided in advance in appropriation Acts” for “made only after the amount required for such subscription has been appropriated”.
Statutory Notes and Related Subsidiaries
Effective Date
of 1981 AmendmentAmendment by Pub. L. 97–35 effective Aug. 13, 1981, except that any funds authorized to be appropriated shall not be available for use or obligation prior to Oct. 1, 1981, see section 1372 of Pub. L. 97–35, set out as an
Effective Date
note under section 290i of this title.
Effective Date
Section effective Oct. 3, 1977, except that no funds authorized to be appropriated by this section may be available for use or obligation prior to Oct. 1, 1977, see section 1001 of Pub. L. 95–118, set out as a note under section 282i of this title.
Reference
Citations & Metadata
Citation
22 U.S.C. § 285s
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 5, 2026
Release point: 119-73not60