Sec. 28.44. **[**[22 U.S.C. 286e–7](/us/usc/t22/s286e–7)**]**
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## Sec. 28.44 **[**[22 U.S.C. 286e–7](/us/usc/t22/s286e–7)**]** ###
(a)For the purpose of participation of the United States in the Supplementary Financing Facility (hereinafter referred to as the “facility”) established by the decision numbered 5508–(77/127) of the Executive Directors of the Fund, the Secretary of the Treasury is authorized to make resources available as provided in the decision numbered 5509–(77/127) of the Fund, in an amount not to exceed the equivalent of 1,450 million Special Drawing Rights. 44Sec. 28 was added by sec. 1 of Public Law 95–435 (92 Stat. 1051). ###
(b)The Secretary of the Treasury shall account, through the Fund established by section 10 of the Gold Reserve Act of 1934 (31 U.S.C. 822a), for any adjustment in the value of monetary assets held by the United States in respect to United States participation in the facility. ###
(c)Notwithstanding any other provision of this section, the authority of the Secretary to enter into agreements making resources available under this section shall be limited to such amounts as are appropriated in advance in appropriation Acts. Effective October 1, 1978, there are hereby authorized to be appropriated to the Secretary of the Treasury, without fiscal year limitation, such sums as are necessary to carry out subsection
(a)of this section, but not to exceed an amount of dollars equivalent to 1,450 million Special Drawing Rights.45 45Title V of Public Law 95–481 (92 Stat 1600) stated: ``For the purpose of participation by the United States, in an amount equivalent to 1,450,000,000 Special Drawing Rights, in the Supplementary Financing Facility established by decision numbered 5508–(77/127) of the Executive Directors of the Fund, as provided in the decision numbered 5509–(77/127) of the Fund, and for the expenditures resulting therefrom, not to exceed $1,831,640,000, to remain available until the termination of the facility: . . ''.
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- 22 USC 286e–7
- Pub. L. 95-435
- 92 Stat. 1051
- 31 USC 822a
- Pub. L. 95-481
- 92 Stat. 1600
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Sec. 28.44
**[**[22 U.S.C. 286e–7](/us/usc/t22/s286e–7)**]**
Cite22 USC 286e–7
Pub. L.Pub. L. 95-435
Stat.92 Stat. 1051
Cite31 USC 822a
Pub. L.Pub. L. 95-481
Cites 6 · showing 5Cited by 0 across 0 sources