Title 22, Foreign Relations and IntercourseRelease 119-110
§290i–13 General Callable Capital Increase
Title 22 › CHAPTER 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC. › SUBCHAPTER XXIV — AFRICAN DEVELOPMENT BANK › § 290i–13
Summary
The U.S. Governor of the Bank can commit the United States to buy 800,000 extra shares of the Bank’s capital stock. That commitment only becomes effective if Congress approves the needed money ahead of time in its spending laws. Congress may provide up to $7,800,000,000, without a fiscal year limit, for the Treasury Secretary to pay for those callable shares.
Full Legal Text
Title 22, §290i–13
Foreign Relations and Intercourse, Source: USLM XML via OLRC
(a)Subscription authorized
(1)In general
The United States Governor of the Bank may subscribe on behalf of the United States to 800,000 additional shares of the capital stock of the Bank.
(2)Limitation
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)Authorization of appropriations
For the increase in the United States subscription to the Bank under subsection (a), there is authorized to be appropriated, without fiscal year limitation, $7,800,000,000, for payment by the Secretary of the Treasury for callable shares of the Bank.
Reference
Citations & Metadata
Citation
22 U.S.C. § 290i–13
Title 22, Foreign Relations and Intercourse
Last Updated
Sep 22, 2026
Release point: 119-110