Title 22, Foreign Relations and IntercourseRelease 119-73not60

§290i–8 Force and Effect of Agreement

Title 22 › Chapter 7— INTERNATIONAL BUREAUS, CONGRESSES, ETC. › Subchapter XXIV— AFRICAN DEVELOPMENT BANK › § 290i–8

Last updated Apr 5, 2026|Official source

Summary

When the United States accepts membership in the Bank, paragraph 5 of article 49, articles 50–59, and the agreement’s other provisions take effect in the United States, its territories and possessions, and Puerto Rico. When the President deposits the U.S. acceptance, he must also deposit the article 64, paragraph 3 declaration saying the United States and its political subdivisions keep the right to tax pay and benefits the Bank gives to United States citizens or nationals.

Full Legal Text

Title 22, §290i–8

Foreign Relations and Intercourse, Source: USLM XML via OLRC

Paragraph 5 of article 49, articles 50 through 59, and the other provisions of the agreement shall have full force and effect in the United States, its territories and possessions, and the Commonwealth of Puerto Rico, upon acceptance of membership by the United States in the Bank. The President, at the time of deposit of the instrument of acceptance of membership by the United States in the Bank, shall also deposit a declaration as provided in article 64, paragraph 3, of the agreement that the United States retains for itself and its political subdivisions the right to tax salaries and emoluments paid by the Bank to United States citizens or nationals.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

The agreement, referred to in text, is the agreement establishing the African Development Bank. See section 290i of this title.

Reference

Citations & Metadata

Citation

22 U.S.C. § 290i–8

Title 22, Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60