§ 282l. Capital stock increase

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(a)Subscription authorized

(1)In general The United States Governor of the Corporation may—

(A)vote for an increase of 1,000,000 shares in the authorized capital stock of the Corporation; and

(B)subscribe on behalf of the United States to 250,000 additional shares of the capital stock of the Corporation.

(2)Prior appropriation required The subscription authority provided in paragraph

(1)shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.

(b)Limitations on authorization of appropriations In order to pay for the subscription authorized in subsection (a), there are authorized to be appropriated, without fiscal year limitation, $50,000,000 for payment by the Secretary of the Treasury.

(Aug. 11, 1955, ch. 788, § 14, as added Pub. L. 102–145, § 125(a), Oct. 28, 1991, as added Pub. L. 102–266, § 102, Apr. 1, 1992, 106 Stat. 97.)

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Aug. 11, 1955, ch. 788, § 14
Pub. L. 102–145, § 125(a)
Pub. L. 102–266, § 102
106 Stat. 97

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§ 282l

Capital stock increase

ActAug. 11, 1955, ch. 788, § 14

Pub. L.Pub. L. 102–145, § 125(a)

Pub. L.Pub. L. 102–266, § 102

Stat.106 Stat. 97

Cites 4Cited by 0 across 0 sources