Sec. 39.62. **[**[22 U.S.C. 286e–1h](/us/usc/t22/s286e–1h)**]**
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## Sec. 39.62 **[**[22 U.S.C. 286e–1h](/us/usc/t22/s286e–1h)**]** ###
(a)The United States Governor of the Bank is authorized— 62Sec. 39 was added by sec. 1311 of Public Law 97–35 (95 Stat. 740). ####
(1)to vote to increase by three hundred and sixty-five thousand shares the authorized capital stock of the Bank; and ####
(2)to subscribe on behalf of the United States to not more than seventy-three thousand and ten shares of the capital stock of the Bank: *Provided, however, *That not more than seven and one-half percent ($658,305,195) of the price of the shares subscribed may be paid in to the Bank on subscription, with the remainder of that price ($8,149,256,155) being subject to call only when a call on unpaid subscriptions is required to meet obligations of the Bank for funds borrowed or on loans guaranteed by it and not for use by the Bank in its lending activities or for administrative expenses: *Provided further, *That any subscription to such additional shares shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts. ###
(b)In order to pay for the paid-in portion of the United States subscription to the Bank provided for in this section, there is authorized to be appropriated, without fiscal year limitation, $658,305,195 for payment by the Secretary of the Treasury: *Provided, however, *That not more than $109,720,549 of such sum may be made available for each of the fiscal years 1982, 1983, and 1984.63 63U.S. payments for this increase were made in the following amounts and Public Laws: fiscal year 1982—$1,462.9 million ($109.7 million paid-in capital; $1,353.2 million callable capital) (Public Law 97–121); fiscal year 1983—$1,463.1 million ($109.7 million paid-in capital; $1,353.4 million callable capital) (Public Law 97–377); fiscal year 1984—$1,062.9 million ($79.7 million paid-in capital; $983.2 million callable capital) (Public Law 98–151); fiscal year 1985—$1,462.9 million ($109.7 million paid in capital; $1,353.2 million callable capital) (Public Law 98–473); fiscal year 1985 supplemental—$400 million ($30 million paid-in capital; $370 million callable capital (Public Law 99–88); fiscal year 1986—$1,462.9 million ($109.7 million paid-in capital; $1.353.2 million callable capital) (Public Law 99–190), reduced by $4.7 million as a result of sequestration (Public Law 99–177); fiscal year 1987—$744.1 million ($55.8 million paid-in capital; $688.3 million callable capital) (Public Law 99–591); fiscal year 1988—$477.5 million ($40.2 million paid-in capital; $437.3 million callable capital) (Public Law 100–202).
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- 22 USC 286e–1h
- Pub. L. 97-35
- 95 Stat. 740
- Pub. L. 97-121
- Pub. L. 97-377
- Pub. L. 98-151
- Pub. L. 98-473
- Pub. L. 99-88
- Pub. L. 99-190
- Pub. L. 99-177
- Pub. L. 99-591
- Pub. L. 100-202
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Sec. 39.62
**[**[22 U.S.C. 286e–1h](/us/usc/t22/s286e–1h)**]**
Cite22 USC 286e–1h
Pub. L.Pub. L. 97-35
Stat.95 Stat. 740
Pub. L.Pub. L. 97-121
Pub. L.Pub. L. 97-377
Cites 12 · showing 5Cited by 0 across 0 sources