§ 290m–7. First capital increase
313 words·~1 min read·
/usc/title-22/section-290m-7A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Secretary of the Treasury is authorized to subscribe on behalf of the United States to, and make payment for, 150,000 additional shares of the capital stock of the Bank. Any subscription by the United States to the capital stock of the Bank shall be effective only to such extent and in such amounts as are provided in advance in appropriations Acts. In order to pay for the increase in the United States subscription to the Bank under subsection (a), there are authorized to be appropriated, without fiscal year limitation, $1,500,000,000 for payment by the Secretary of the Treasury.
Of the amount authorized to be appropriated under paragraph (1)— $225,000,000 shall be for paid in shares of the Bank; and $1,275,000,000 shall be for callable shares of the Bank. ( Pub. L. 103–182, title V, § 547 , as added Pub. L. 116–113, title VIII, § 831 , Jan. 29, 2020 , 134 Stat. 96 ; amended Pub. L. 116–113, title VI, § 601 , Jan. 29, 2020 , 134 Stat. 78 ; Pub. L. 116–260, div. O, title VI, § 601(a)(1) , (2), Dec. 27, 2020 , 134 Stat. 2149 .)
Connectionstraces to 2
Traces to 2 documents
4 references not yet in our index
- Pub. L. 103-182
- 134 Stat. 96
- 134 Stat. 78
- 134 Stat. 2149
Citation graph
cites case law
§ 290m–7
First capital increase
Pub. L.Pub. L. 103-182
Stat.134 Stat. 96
Stat.134 Stat. 78
Stat.134 Stat. 2149
Cites 6Cited by 0 across 0 sources