Title 22, Foreign Relations and IntercourseRelease 119-73not60
§290i–11 Sixth Capital Increase
Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter XXIV— AFRICAN DEVELOPMENT BANK › § 290i–11
Summary
Allows the United States Governor of the Bank to subscribe for 289,391 additional Bank shares on behalf of the United States. The subscription only counts if Congress provides the money ahead of time in appropriation Acts. Congress authorizes $4,322,228,221, payable by the Secretary of the Treasury and appropriated with no fiscal year limit; $259,341,759 is for paid-in shares and $4,062,886,462 is for callable shares.
Full Legal Text
Title 22, §290i–11
Foreign Relations and Intercourse, Source: USLM XML via OLRC
(a)(1)The United States Governor of the Bank may subscribe on behalf of the United States to 289,391 additional shares of the capital stock of the Bank.
(2)Any subscription by the United States to the capital stock of the Bank shall be effective only to such extent and in such amounts as are provided in advance in appropriations Acts.
(b)(1)In order to pay for the increase in the United States subscription to the Bank under subsection (a), there are authorized to be appropriated, without fiscal year limitation, $4,322,228,221 for payment by the Secretary of the Treasury.
(2)Of the amount authorized to be appropriated under paragraph (1)—
(A)$259,341,759 shall be for paid in shares of the Bank; and
(B)$4,062,886,462 shall be for callable shares of the Bank.
Reference
Citations & Metadata
Citation
22 U.S.C. § 290i–11
Title 22, Foreign Relations and Intercourse
Last Updated
Apr 5, 2026
Release point: 119-73not60