§ 283q TITLE 22—FOREIGN RELATIONS AND INTERCOURSE Page 102

§ 283q. Articles of agreement; authorization to

agree to amendments

The United States Governor of the Bank is authorized to agree to amendments to the provisions of the articles of agreement as provided in

proposed Board of Governors resolutions entitled (a) ‘‘Amendment of the Provisions of the

Agreement Establishing the Bank with Respect

to Membership and to Related Matters’’ and (b)

‘‘Amendment of the Provisions of the Agreement Establishing the Bank with Respect to the

Election of Executive Directors’’.

(Pub. L. 86–147, §20, as added Pub. L. 92–246, §1,

Mar. 10, 1972, 86 Stat. 59.)

§ 283r. Expropriation of United States property;

loan restrictions

The President shall instruct the United States

Executive Director of the Bank to vote against

any loan or other utilization of the funds of the

Bank for the benefit of any country which has—

(1) nationalized or expropriated or seized

ownership or control of property owned by any

United States citizen or by any corporation,

partnership, or association not less than 50 per

centum of which is beneficially owned by

United States citizens;

(2) taken steps to repudiate or nullify existing contracts or agreements with any United

States citizen or any corporation, partnership,

or association not less than 50 per centum of

which is beneficially owned by United States

citizens; or

(3) imposed or enforced discriminatory taxes

or other exactions, or restrictive maintenance

or operational conditions, or has taken other

actions, which have the effect of nationalizing,

expropriating, or otherwise seizing ownership

or control of property so owned;

unless the President determines that (A) an arrangement for prompt, adequate, and effective

compensation has been made, (B) the parties

have submitted the dispute to arbitration under

the rules of the Convention for the Settlement

of Investment Disputes, or (C) good faith negotiations are in progress aimed at providing

prompt, adequate, and effective compensation

under the applicable principles of international

law.

(Pub. L. 86–147, §21, as added Pub. L. 92–246, §1,

Mar. 10, 1972, 86 Stat. 59.)

§ 283s. Illegal drug traffic; loan restrictions

The Secretary of the Treasury shall instruct

the United States Executive Director of the

Bank to vote against any loan or other utilization of the funds of the Bank for the benefit of

any country with respect to which the President

has made a determination, and so notified the

Secretary of the Treasury, that the government

of such country has failed to take adequate

steps to prevent narcotic drugs and other controlled substances (as defined by the Comprehensive Drug Abuse Prevention and Control Act

of 1970 [21 U.S.C. 801 et seq.]) produced or processed, in whole or in part, in such country, or

transported through such country, from being

sold illegally within the jurisdiction of such

country to United States Government personnel

or their dependents, or from entering the United

States unlawfully. Such instruction shall continue in effect until the President determines,

and so notifies the Secretary of the Treasury,

that the government of such country has taken

adequate steps to prevent such sale or entry of

narcotic drugs and other controlled substances.

(Pub. L. 86–147, §22, as added Pub. L. 92–246, §2,

Mar. 10, 1972, 86 Stat. 60.)

REFERENCES IN TEXT

The Comprehensive Drug Abuse Prevention and Control Act of 1970, referred to in text, is Pub. L. 91–513,

Oct. 27, 1970, 84 Stat. 1236, as amended, which is classified principally to chapter 13 (§801 et seq.) of Title 21,

Food and Drugs. For complete classification of this act

to the Code, see Short Title note set out under section

801 of Title 21 and Tables.

§ 283t. Authorization to vote on proposed resolutions

The United States Governor of the Bank is authorized to vote for three proposed resolutions

of the Board of Governors entitled (a) ‘‘Amendments to the Agreement Establishing the Bank

with respect to the Creation of the Inter-Regional Capital Stock of the Bank and to Related

Matters’’, (b) ‘‘General Rules Governing Admission of Nonregional Countries to Membership in

the Bank’’, and (c) ‘‘Increase in the Authorized

Callable Ordinary Capital Stock and Subscriptions Thereto in Connection with the Admission

of Nonregional Member Countries’’, which were

submitted to the Board of Governors pursuant

to a resolution of the Board of Executive Directors approved on March 4, 1975.

(Pub. L. 86–147, §23, as added Pub. L. 94–302, title

I, §103(a)(1), May 31, 1976, 90 Stat. 592.)

§ 283u. Membership in the Bank for the Bahamas

and Guyana

The United States Governor of the Bank is authorized to agree to the amendments to article

II, section 1(b) and article IV, section 3(b) of the

Agreement Establishing the Bank, as proposed

by the Board of Executive Directors, to provide

for membership for the Bahamas and Guyana in

the Bank at such times and in accordance with

such terms as the Bank may determine.

(Pub. L. 86–147, §24, as added Pub. L. 94–302, title

I, §103(a)(1), May 31, 1976, 90 Stat. 592.)

§ 283v. Loans to the Caribbean Development

Bank

The United States Governor of the Bank is authorized to agree to the amendments to article

III, sections 1, 4, and 6(b) of the Agreement Establishing the Bank, as proposed by the Board of

Executive Directors, to provide for lending to

the Caribbean Development Bank.

(Pub. L. 86–147, §25, as added Pub. L. 94–302, title

I, §103(a)(1), May 31, 1976, 90 Stat. 592.)

§ 283w. Increase in authorized capital stock of

Bank and increase in resources of Fund for

Special Operations; United States share; authorization of appropriations

(a) The United States Governor of the Bank is

hereby authorized to vote in favor of two resolu-