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Title 22 — Foreign Relations and IntercourseRelease 119-73not60

§285u Additional Contribution to Special Funds

Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter XIV— ASIAN DEVELOPMENT BANK › § 285u

Last updated Apr 5, 2026|Official source

Summary

The United States Governor of the Bank may give $378,250,000 to the Asian Development Fund for the United States, but any pledge must wait until Congress provides the money. Up to $378,250,000 can be appropriated without a fiscal year limit. No more than $111,250,000 may be made available for fiscal year 1982 and no more than $44,500,000 for fiscal year 1983. The Secretary of the Treasury must pay in four yearly installments by letter of credit and must get the Bank to certify that any money not yet spent from that letter will not be more than the U.S. share of expected payments for the next three months.

Full Legal Text

Title 22, §285u

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)The United States Governor of the Bank is authorized to contribute on behalf of the United States $378,250,000 to the Asian Development Fund, a special fund of the Bank, except that any commitment to make such contribution shall be made subject to obtaining the necessary appropriations.
(b)In order to pay for the United States contribution to the Asian Development Fund provided for in this section, there are authorized to be appropriated, without fiscal year limitation, $378,250,000 for payment by the Secretary of the Treasury: Provided, however, That not more than $111,250,000 of such sum may be made available for the fiscal year 1982, and not more than $44,500,000 of such sum may be made available for the fiscal year 1983.
(c)For the purpose of keeping to a minimum the cost to the United States, the Secretary of the Treasury—
(1)shall pay the United States contribution to the Asian Development Fund authorized by this section by letter of credit in four annual installments; and
(2)shall take the steps necessary to obtain a certification from the Bank that any undisbursed balances resulting from drawdowns on such letter of credit will not exceed at any time the United States share of expected disbursement requirements for the following three-month period.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

1981—Subsec. (b). Pub. L. 97–35 inserted provision limiting amount of appropriations for fiscal years 1982 and 1983.

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.

Reference

Citations & Metadata

Citation

22 U.S.C. § 285u

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60