Title 22, Foreign Relations and IntercourseRelease 119-110

§290g–11 Additional Authorization for Payment of United States Contribution

Title 22 › CHAPTER 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC. › SUBCHAPTER XXII — AFRICAN DEVELOPMENT FUND › § 290g–11

Last updated Sep 22, 2026|Official source

Summary

The United States Governor for the Fund may agree to have the United States pay $125,000,000 as the U.S. share for the Fund’s second replenishment, but that promise can only be made if the needed appropriations are obtained. Up to $125,000,000 is authorized to be appropriated, with no fiscal-year limit, for the Treasury Secretary to pay. The Treasury must make the payment by a letter of credit in three yearly payments and must get the Fund to certify that any undrawn balance from that letter of credit will never exceed the U.S. share of expected disbursements for the next three months.

Full Legal Text

Title 22, §290g–11

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)United States share

The United States Governor of the Fund is authorized to contribute on behalf of the United States $125,000,000 to the Fund as the United States contribution to the second replenishment of the resources of the Fund, except that any commitment to make such contribution shall be made subject to obtaining the necessary appropriations.

(b)Authorization of appropriations

In order to pay for the United States contribution provided for in this section, there is authorized to be appropriated, without fiscal year limitation, $125,000,000 for payment by the Secretary of the Treasury.

(c)Funding requirements

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 African Development Fund authorized by this section by letter of credit in three annual installments; and

(2)shall take the steps necessary to obtain a certification from the Fund that any undisbursed balances resulting from draw-downs 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.

Reference

Citations & Metadata

Citation

22 U.S.C. § 290g–11

Title 22, Foreign Relations and Intercourse

Last Updated

Sep 22, 2026

Release point: 119-110