§ 283ff. Subscription of stock

239 words·~1 min read·/usc/title-22/section-283ff

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(a)Secretary of the Treasury as subscribing authority The Secretary of the Treasury is authorized to subscribe on behalf of the United States to five thousand one hundred shares of the capital stock of the Corporation: Provided, however, 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 There is authorized to be appropriated, without fiscal year limitation, for payment by the Secretary of the Treasury of the subscription of the United States for those shares, $51,000,000.

(c)Disposition of dividends Any payment of dividends made to the United States by the Corporation shall be deposited into the Treasury as a miscellaneous receipt.

(Pub. L. 98–473, title I, § 101(1) [title I], Oct. 12, 1984, 98 Stat. 1884, 1885.)

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Pub. L. 98–473, title I, § 101(1) [title I]
98 Stat. 1884
Pub. L. 98–473
Pub. L. 106–113, div. B, § 1000(a)(2) [title V, § 594]
113 Stat. 1535

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§ 283ff

Subscription of stock

Pub. L.Pub. L. 98–473, title I, § 101(1) [title I]

Stat.98 Stat. 1884

Pub. L.Pub. L. 98–473

Pub. L.Pub. L. 106–113, div. B, § 1000(a)(2) [title V, § 594]

Stat.113 Stat. 1535

Cites 5Cited by 0 across 0 sources