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Title 22, Foreign Relations and IntercourseRelease 119-110

§290k–8 Subscription of Stock

Title 22 › CHAPTER 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC. › SUBCHAPTER XXVI — MULTILATERAL INVESTMENT GUARANTEE AGENCY › § 290k–8

Last updated Sep 22, 2026|Official source

Summary

The Secretary of the Treasury may agree to take 20,519 shares of the Agency’s capital stock for the United States. That agreement only matters if Congress provides the money ahead of time in an appropriations law. To pay for it, up to $222,015,580 may be appropriated with no fiscal year limit for the Secretary to use. Any dividends the Agency pays to the United States must be turned over to the Treasury as miscellaneous receipts.

Full Legal Text

Title 22, §290k–8

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)Authority of Secretary of the Treasury
The Secretary of the Treasury is authorized to subscribe on behalf of the United States to 20,519 shares of the capital stock of the Agency, except that the subscription shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.
(b)Authorization of appropriations
In order to pay for United States subscription authorized in subsection (a), there are authorized to be appropriated, without fiscal year limitation, $222,015,580, for payment by the Secretary of the Treasury.
(c)Dividends deposited into Treasury
Any payment of dividends made to the United States by the Agency shall be deposited into the Treasury as a miscellaneous receipt.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Codification Section is based on section 411 of title IV of H.R. 3750, One Hundredth Congress, as introduced Dec. 11, 1987, and enacted into law by Pub. L. 100–202.

Statutory Notes and Related Subsidiaries

First General Capital Increase Pub. L. 106–113, div. B, § 1000(a)(2) [title V, § 594], Nov. 29, 1999, 113 Stat. 1535, 1501A–122, provided in part that the Secretary of the Treasury may effect the United States participation in the first general capital increase of the Multilateral Investment Guarantee Agency and authorized $29,870,087 to be appropriated without fiscal year limitation for payment by the Secretary for paid-in capital of the Agency and $139,365,533 to be appropriated without fiscal year limitation for payment by the Secretary for callable capital of the Agency.

Reference

Citations & Metadata

Citation

22 U.S.C. § 290k–8

Title 22, Foreign Relations and Intercourse

Last Updated

Sep 22, 2026

Release point: 119-110