§ 286e–3 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE Page 126

impairment of the international monetary system and that the Fund has fully explored other

means of funding, to remain available until expended to meet calls by the International Monetary Fund. Any payments made to the United

States by the International Monetary Fund as a

repayment on account of the principal of a loan

made under this section shall continue to be

available for loans to the International Monetary Fund.

(c) Interest and charges covered into Treasury;

additional authorization of appropriations

for payment of charges for purchase of currencies or gold from Fund

Payments of interest and charges to the

United States on account of any loan to the

International Monetary Fund shall be covered

into the Treasury as miscellaneous receipts. In

addition to the amount authorized in subsection

(b) of this section, there is authorized to be appropriated such amounts as may be necessary

for the payment of charges in connection with

any purchases of currencies or gold by the

United States from the International Monetary

Fund.

(d) Amendment to Executive Directors’ decision

prohibited; conditions

Unless the Congress by law so authorizes, neither the President, the Secretary of the Treasury, nor any other person acting on behalf of the

United States, may instruct the United States

Executive Director to the Fund to consent to

any amendment to the Decision of February 24,

1983, of the Executive Directors of the Fund, if

the adoption of such amendment would significantly alter the amount, terms, or conditions of

participation by the United States in the General Arrangements to Borrow.

(July 31, 1945, ch. 339, §17, as added Pub. L.

87–490, §1, June 19, 1962, 76 Stat. 105; amended

Pub. L. 94–564, §4, Oct. 19, 1976, 90 Stat. 2661; Pub.

L. 98–181, title VIII, §802(a)(1)–(3), Nov. 30, 1983,

97 Stat. 1268.)

AMENDMENTS

1983—Subsec. (a). Pub. L. 98–181, §802(a)(1), substituted ‘‘decisions of January 5, 1962, and February 24,

1983, as amended in accordance with their terms’’ for

‘‘decision of January 5, 1962’’, and ‘‘in an amount not to

exceed the equivalent of 4,250,000,000 Special Drawing

Rights, limited to such amounts as are provided in advance in appropriations Acts, except that prior to activation, the Secretary of the Treasury shall certify that

supplementary resources are needed to forestall or cope

with an impairment of the international monetary system and that the fund has fully explored other means

of funding’’ for ‘‘not to exceed $2,000,000,000 outstanding

at any one time’’.

Subsec. (b). Pub. L. 98–181, §802(a)(2), substituted

‘‘4,250,000,000 Special Drawing Rights, except that prior

to activation, the Secretary of the Treasury shall certify whether supplementary resources are needed to

forestall or cope with an impairment of the international monetary system and that the Fund has fully

explored other means of funding’’ for ‘‘$2,000,000,000’’.

Subsec. (d). Pub. L. 98–181, §802(a)(3), added subsec.

(d).

1976—Subsec. (a). Pub. L. 94–564 substituted ‘‘section

1(i)’’ for ‘‘section 2(i)’’.

EFFECTIVE DATE OF 1976 AMENDMENT

Amendment effective Apr. 1, 1978, see section 9 of

Pub. L. 94–564, set out as a note under section 286a of

this title.

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in title 2 sections 645, 901.

§ 286e–3. Transfers to stabilization fund of purchase of currencies or gold from International Monetary Fund; administration; utilization of fund resources for repayments

Any purchases of currencies or gold by the

United States from the International Monetary

Fund may be transferred to and administered by

the fund established by section 5302 of title 31,

for use in accordance with the provisions of that

section. The Secretary of the Treasury is authorized to utilize the resources of that fund for

the purpose of any repayments in connection

with such transactions.

(July 31, 1945, ch. 339, §18, as added Pub. L.

87–490, §1, June 19, 1962, 76 Stat. 105.)

CODIFICATION

‘‘Section 5302 of title 31’’ substituted in text for ‘‘section 10 of the Gold Reserve Act of 1934, as amended (31

U.S.C. 822a)’’ on authority of Pub. L. 97–258, §4(b), Sept.

13, 1982, 96 Stat. 1067, the first section of which enacted

Title 31, Money and Finance.

SECTION REFERRED TO IN OTHER SECTIONS

This section is referred to in title 31 section 5302.

§ 286e–4. Loans to International Finance Corporation; amendment to Articles of Agreement

The United States Governor of the Bank is authorized to agree to an amendment to the articles of agreement of the Bank to permit the

Bank to make, participate in, or guarantee

loans to the International Finance Corporation

for use in the lending operations of the latter.

(July 31, 1945, ch. 339, §21, as added Pub. L.

89–126, §1(3), Aug. 14, 1965, 79 Stat. 519.)

§ 286e–5. Amendments to Articles of Agreement

The United States Governor of the Fund is authorized to accept the amendments to the Articles of Agreement of the Fund approved in resolution numbered 31–4 of the Board of Governors

of the Fund.

(July 31, 1945, ch. 339, §24, as added Pub. L.

94–564, §1, Oct. 19, 1976, 90 Stat. 2660.)

§ 286e–5a. Additional amendments to Articles of

Agreement

The United States Governor of the Bank is

hereby authorized to agree to and to accept the

amendment to the Articles of Agreement in the

proposed resolution entitled ‘‘Amendment to the

Articles of Agreement of the Bank’’, forwarded

to the United States on February 27, 1987.

(July 31, 1945, ch. 339, §52, as added Pub. L.

100–202, §101(e) [title I], Dec. 22, 1987, 101 Stat.

1329–131, 1329–134.)

CODIFICATION

Section 52 of act July 31, 1945, is based on section 601

of title VI of H.R. 3750, One Hundredth Congress, as introduced Dec. 11, 1987, and enacted into law by Pub. L.

100–202.