Sec. 54.84. CONTRIBUTION TO THE INTEREST SUBSIDY ACCOUNT OF THE ENHANCED STRUCTURAL ADJUSTMENT FACILITY OF THE INTERNATIONAL MONETARY FUND85

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## SEC. 54.84 CONTRIBUTION TO THE INTEREST SUBSIDY ACCOUNT OF THE ENHANCED STRUCTURAL ADJUSTMENT FACILITY OF THE INTERNATIONAL MONETARY FUND85 **[**[22 U.S.C. 286e–12](/us/usc/t22/s286e–12)**]** 84Sec. 301 of the International Development and Finance Act of 1989 (Public Law 101–240; 103 Stat. 2500) added sec. 54. 85Section 526(c) of the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 1995 (108 Stat. 1632), provided, in part, the following authorization requirement: ``(c) The Secretary of the Treasury may, to fulfill commitments of the United States, * * *

(2)contribute to * * * the Interest Subsidy Account of the successor to the Enhanced Structural Adjustment Facility of the International Monetary Fund. * * * The amount authorized to be appropriated * * * for payment of the contribution to the Interest Subsidy Account of the successor to the Enhanced Structural Adjustment Facility of the International Monetary Fund is limited to $25,000,000. The amount to be paid in respect of each such contribution or subscription is authorized to be appropriated without fiscal year limitation. Each such subscription or contribution shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.''. Title I of Public Law 103–306 (108 Stat. 1610) made available $25 million, to remain available until expended, for the Interest Subsidy Account of the successor to the Enhanced Structural Adjustment Facility. ###

(a)Contribution Authorized ####

(1)In general Subject to paragraph (2), the United States Governor of the Fund may contribute $150,000,000 to the Interest Subsidy Account of the Enhanced Structural Adjustment Facility of the Fund on behalf of the United States. ####

(2)Condition The United States Governor of the Fund may not make a commitment to contribute any amount authorized to be contributed under paragraph

(1)before an amount equal to such amount has been appropriated for such purpose. ###

(b)Limitation on Authorization of Appropriations To pay for the contribution authorized by subsection (a), there are authorized to be appropriated not to exceed $150,000,000, without fiscal year limitation, for payment by the Secretary of the Treasury.86 86U.S. payment for this contribution was made in the following amount and Public Law: fiscal year 1990—$139.4 million (Public Law 101–167); fiscal year 1991—$10.6 million (Public Law 101–513), reduced by $0.2 million as a result of sequestration (Public Laws 99–177, 100–119, and 101–508), restored by $0.2 million by a 1991 sequestration restoration (Public law 102–27). For fiscal year 1992, sec. 115 of the Further Continuing Appropriations (Public Law 102–145, as amended by Public Law 102–266) ``*Provided,* That no funds are provided by this joint resolution for `Contribution to the Enhanced Structural Adjustment Facility of the International Monetary Fund'''. For fiscal year 1995—$0.025 million was contributed (Public Law 103–306), and no funds were appropriated for fiscal years 1996 and 1997.

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22 USC 286e–12
Pub. L. 101-240
103 Stat. 2500
108 Stat. 1632
Pub. L. 103-306
108 Stat. 1610
Pub. L. 101-167
Pub. L. 101-513
Pub. L. 102-27
Pub. L. 102-145
Pub. L. 102-266

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Sec. 54.84

CONTRIBUTION TO THE INTEREST SUBSIDY ACCOUNT OF THE ENHANCED STRUCTURAL ADJUSTMENT FACILITY OF THE INTERNATIONAL MONETARY FUND85

Cite22 USC 286e–12

Pub. L.Pub. L. 101-240

Stat.103 Stat. 2500

Stat.108 Stat. 1632

Pub. L.Pub. L. 103-306

Cites 11 · showing 5Cited by 0 across 0 sources