Title 22, Foreign Relations and IntercourseRelease 119-83
§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 at the Bank may agree to buy 800,000 additional shares of the Bank’s capital stock for the United States. Any such purchase only counts if Congress has approved the money beforehand in appropriation laws. Congress may set aside $7,800,000,000, with no time 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)(1)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)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)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
Apr 18, 2026
Release point: 119-83