Title 22, Foreign Relations and IntercourseRelease 119-73not60
§290i–12 Seventh Capital Increase
Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter XXIV— AFRICAN DEVELOPMENT BANK › § 290i–12
Summary
The United States Governor of the Bank may agree to buy 532,023 extra shares for the United States, but that purchase only takes effect if money is approved in advance by appropriation laws. Up to $7,286,587,008 can be provided for this payment without a fiscal year limit, to be paid by the Secretary of the Treasury, with $437,190,016 for paid‑in shares and $6,849,396,992 for callable shares.
Full Legal Text
Title 22, §290i–12
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 532,023 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, $7,286,587,008 for payment by the Secretary of the Treasury.
(2)Of the amount authorized to be appropriated under paragraph (1)—
(A)$437,190,016 shall be for paid in shares of the Bank; and
(B)$6,849,396,992 shall be for callable shares of the Bank.
Reference
Citations & Metadata
Citation
22 U.S.C. § 290i–12
Title 22, Foreign Relations and Intercourse
Last Updated
Apr 5, 2026
Release point: 119-73not60