PRIA, Government Policy, Made Personal

Summary

The U.S. Governor of the Bank may vote to raise the Bank’s capital stock in two ways. One is a selective increase of 245,773 shares and a U.S. subscription to 42,298 extra shares, but any U.S. purchase of those extra shares only counts if Congress provides the money ahead of time in appropriations laws. The other is a general increase of 230,500 shares and a U.S. subscription to 38,662 extra shares, also effective only if Congress funds the purchase in advance. To pay for the general subscription of 38,662 shares, Congress may appropriate $4,663,990,370 without a fiscal year limit, of which $932,798,074 is for paid‑in shares and $3,731,192,296 is for callable shares. To pay for the selective subscription of 42,298 shares, Congress may appropriate $5,102,619,230 without a fiscal year limit, of which $306,157,153.80 is for paid‑in shares and $4,796,462,076.20 is for callable shares.

Title 22, §286zz

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)Increases authorized

The United States Governor of the Bank is authorized—

(1)(A)to vote in favor of a resolution to increase the capital stock of the Bank on a selective basis by 245,773 shares; and

(B)to subscribe on behalf of the United States to 42,298 additional shares of the capital stock of the Bank, as part of the selective increase in the capital stock of the Bank, except that any subscription to such additional shares shall be effective only to the extent or in such amounts as are provided in advance in appropriations Acts; and

(2)(A)to vote in favor of a resolution to increase the capital stock of the Bank on a general basis by 230,500 shares; and

(B)to subscribe on behalf of the United States to 38,662 additional shares of the capital stock of the Bank, as part of the general increase in the capital stock of the Bank, except that any subscription to such additional shares shall be effective only to the extent or in such amounts as are provided in advance in appropriations Acts.

(b)Limitations on authorization of appropriations

(1)In order to pay for the increase in the United States subscription to the Bank under subsection (a)(2)(B), there are authorized to be appropriated, without fiscal year limitation, $4,663,990,370 for payment by the Secretary of the Treasury.

(2)Of the amount authorized to be appropriated under paragraph (1), $932,798,074 shall be for paid in shares of the Bank, and $3,731,192,296 shall be for callable shares of the Bank.

(3)In order to pay for the increase in the United States subscription to the Bank under subsection (a)(1)(B), there are authorized to be appropriated, without fiscal year limitation $5,102,619,230 for payment by the Secretary of the Treasury.

(4)Of the amount authorized to be appropriated under paragraph (3), $306,157,153.80 shall be for paid in shares of the Bank, and $4,796,462,076.20 shall be for callable shares of the Bank.

Editorial Notes

Codification Another section 73 of the Bretton Woods Agreements Act was enacted by Pub. L. 116–92 and is classified to section 286yy of this title.

§286zz Capital Stock Increases

Summary

Title 22, §286zz

Notes & Related Subsidiaries

Editorial Notes

Citations & Metadata