§ 290l–4. Subscription of stock

267 words·~1 min read·/usc/title-22/section-290l-4

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The Secretary of the Treasury may subscribe on behalf of the United States to 100,000 shares of the capital stock of the Bank. Any commitment to make such subscription shall be effective only to such extent or in such amounts as are provided for in advance by appropriations Acts. For payment by the Secretary of the Treasury of the subscription of the United States for shares described in subsection (a), there are authorized to be appropriated $1,167,010,000 without fiscal year limitation.

Any payment made to the United States by the Bank as a distribution of net income shall be covered into the Treasury as a miscellaneous receipt. ( Pub. L. 101–513, title V, § 562(c)(6) , Nov. 5, 1990 , 104 Stat. 2034 .)

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Pub. L. 101-513
104 Stat. 2034
Pub. L. 105-118
111 Stat. 2425

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§ 290l–4

Subscription of stock

Pub. L.Pub. L. 101-513

Stat.104 Stat. 2034

Pub. L.Pub. L. 105-118

Stat.111 Stat. 2425

Cites 4Cited by 0 across 0 sources