§ 285u. Additional contribution to special funds
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/usc/title-22/section-285uA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)United States share The United States Governor of the Bank is authorized to contribute on behalf of the United States $378,250,000 to the Asian Development Fund, a special fund of the Bank, except that any commitment to make such contribution shall be made subject to obtaining the necessary appropriations.
(b)Authorization of appropriations; maximum available for certain years In order to pay for the United States contribution to the Asian Development Fund provided for in this section, there are authorized to be appropriated, without fiscal year limitation, $378,250,000 for payment by the Secretary of the Treasury: Provided, however, That not more than $111,250,000 of such sum may be made available for the fiscal year 1982, and not more than $44,500,000 of such sum may be made available for the fiscal year 1983.
(c)Funding requirements For the purpose of keeping to a minimum the cost to the United States, the Secretary of the Treasury—
(1)shall pay the United States contribution to the Asian Development Fund authorized by this section by letter of credit in four annual installments; and
(2)shall take the steps necessary to obtain a certification from the Bank that any undisbursed balances resulting from drawdowns on such letter of credit will not exceed at any time the United States share of expected disbursement requirements for the following three-month period.
(Pub. L. 89–369, § 24, as added Pub. L. 96–259, title II, § 201, June 3, 1980, 94 Stat. 430; amended Pub. L. 97–35, title XIII, § 1352(b), Aug. 13, 1981, 95 Stat. 744.)
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Cited by 3 sections
statutes-at-large
- Public Law 97–35To provide for reconciliation pursuant to section 301 of the first concurrent resolution on the budget for the fiscal year 1982
- Public Law 96–259To provide for increased participation by the United States in the Inter-American Development Bank, the Asian Development Bank, and the African Development Fund
statute-compilations
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U.S. Code
7 references not yet in our index
- Pub. L. 89–369, § 24
- Pub. L. 96–259, title II, § 201
- 94 Stat. 430
- Pub. L. 97–35, title XIII, § 1352(b)
- 95 Stat. 744
- Pub. L. 97–35
- section 1372 of Pub. L. 97–35
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§ 285u
Additional contribution to special funds
Stat.×2
Stat. Comp.×1
Pub. L.Pub. L. 89–369, § 24
Pub. L.Pub. L. 96–259, title II, § 201
Stat.94 Stat. 430
Pub. L.Pub. L. 97–35, title XIII, § 1352(b)
Stat.95 Stat. 744
Cites 8 · showing 6Cited by 3 across 2 sources