United States Code (Last Updated: May 24, 2014) |
Title 22. FOREIGN RELATIONS AND INTERCOURSE |
Chapter 7. INTERNATIONAL BUREAUS, CONGRESSES, ETC. |
SubChapter XII–A. INTER-AMERICAN INVESTMENT CORPORATION |
§ 283ff. Subscription of stock
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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.
Codification
Section is based on section 207 of title II of S. 2416, Ninety-eighth Congress, as introduced
Miscellaneous
Pub. L. 106–113, div. B, § 1000(a)(2) [title V, § 594],