Page 103 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 283z–1

tions proposed by the Governors at a special

meeting in July 1975, and now pending before the

Board of Governors of the Bank, which provide

for (1) an increase in the authorized capital

stock of the Bank and additional subscriptions

of members thereto and (2) an increase in the resources of the Fund for Special Operations and

contributions thereto. Upon adoption of such

resolutions, the United States Governor is authorized to agree on behalf of the United States

(1) to subscribe to ninety-nine thousand four

hundred and seventy-four shares of $10,000 par

value of the increase in the authorized capital

stock of the Bank of which eighty-nine thousand

five hundred and twenty-six shall be callable

shares and nine thousand nine hundred and

forty-eight shall be paid in and (2) to contribute

to the Fund for Special Operations $600,000,000,

in accordance with and subject to the terms and

conditions of such resolutions.

(b) There are hereby authorized to be appropriated, without fiscal year limitation, the

amounts necessary for payment by the Secretary of the Treasury of (1) $1,199,997,873 for the

United States subscription to the capital stock

of the Bank and (2) $600,000,000 for the United

States share of the increase in the resources of

the Fund for Special Operations: Provided, however, That not more than $15,677,000 may be

made available to the Fund for Special Operations for the fiscal year 1982.

(Pub. L. 86–147, §26, as added Pub. L. 94–302, title

I, §101, May 31, 1976, 90 Stat. 591; amended Pub.

L. 97–35, title XIII, §1351(c), Aug. 13, 1981, 95 Stat.

744.)

AMENDMENTS

1981—Subsec. (b). Pub. L. 97–35 inserted provision limiting amount of appropriations available for Fund for

Special Operations for fiscal year 1982.

EFFECTIVE DATE OF 1981 AMENDMENT

Amendment by Pub. L. 97–35 effective Aug. 13, 1981,

except that any funds authorized to be appropriated

shall not be available for use or obligation prior to Oct.

1, 1981, see section 1372 of Pub. L. 97–35, set out as an

Effective Date note under section 290i of this title.

§ 283x. Subscription to additional shares; authorization of appropriations

(a) The United States Governor of the Bank is

hereby authorized to vote for an additional increase of one hundred and eight thousand shares

of $10,000 par value in the authorized callable

capital stock of the Bank as recommended in

the resolution of the Board of Governors entitled ‘‘Increase of US$4 Billion in the Authorized

Capital Stock and Subscriptions Thereto.’’ Upon

adoption of a Board of Governors resolution increasing the authorized capital stock of the

Bank by such amount, the United States Governor is authorized to agree on behalf of the

United States to subscribe to thirty-seven thousand three hundred and three shares of $10,000

par value of such additional increase in callable

capital in accordance with and subject to the

terms and conditions of such resolution.

(b) In order to pay for the increase in the

United States subscription to the Bank provided

for in this section, there is hereby authorized to

be appropriated, without fiscal year limitation,

$450,002,218 for payment by the Secretary of the

Treasury.

(Pub. L. 86–147, §27, as added Pub. L. 94–302, title

I, §101, May 31, 1976, 90 Stat. 591.)

§ 283y. Repealed. Pub. L. 95–118, title VII, § 702,

Oct. 3, 1977, 91 Stat. 1070

Section, Pub. L. 86–147, §28, as added Pub. L. 94–302,

title I, §103(a)(1), May 31, 1976, 90 Stat. 592; H. Res. 5,

Jan. 4, 1977, set forth provisions relating to United

States participation in financial assistance by InterAmerican Development Bank to any country engaging

in a consistent pattern of gross violations of internationally recognized human rights. See section 262d of

this title.

EFFECTIVE DATE OF REPEAL

Repeal effective Oct. 3, 1977, see section 1001 of Pub.

L. 95–118, set out as an Effective Date note under section 282i of this title.

§ 283z. Proposal of light-capital or intermediate

technologies as part of Bank’s development

strategy

(a) Contents of proposed resolution

The United States Executive Director of the

Bank shall propose to the Board of Executive

Directors of the Bank the adoption of a resolution providing (1) that the development and utilization of light-capital or intermediate technologies should be accepted as major facets of

the Bank’s development strategy, and (2) that

such light-capital or intermediate technologies

should be developed and utilized as soon as possible in all Bank activities. Such resolution

shall further provide that, by the close of the

calendar year 1977, some projects that employ

primarily such light-capital or intermediate

technologies shall be designed and approved.

(b) Progress report to Congress

The United States Governor of the Bank shall

report to the Congress no later than six months

after May 31, 1976, on the proposal made under

subsection (a) of this section, and no later than

twelve months after such date on the progress

that has been made with respect to such proposal.

(Pub. L. 86–147, §28, formerly §29, as added Pub.

L. 94–302, title I, §104, May 31, 1976, 90 Stat. 593;

renumbered §28, Pub. L. 96–259, title I, §101(1),

June 3, 1980, 94 Stat. 429.)

PRIOR PROVISIONS

A prior section 28 of Pub. L. 86–147, as added by section 103(a)(1) of Pub. L. 94–302, was classified to section

283y of this title prior to repeal by Pub. L. 95–118, title

VII, §702, Oct. 3, 1977, 91 Stat. 1070.

§ 283z–1. Increase in authorized capital stock of

Bank and increase in resources of Fund for

Special Operations

(a) United States share

The United States Governor of the Bank is authorized to vote for two resolutions which were

proposed by the Governors at a special meeting

in December 1978 and are pending before the

Board of Governors of the Bank. These resolutions provide for (1) an increase in the authorized capital stock of the Bank and additional