Page 113 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 285g

States for services as a Governor or Alternate

Governor. The Director may, in the discretion of

the President, receive such compensation, allowances, and other benefits as, together with those

received by him from the Bank, will equal those

authorized for a chief of mission under the Foreign Service Act of 1980 [22 U.S.C. 3901 et seq.].

(Pub. L. 89–369, §3, Mar. 16, 1966, 80 Stat. 71; Pub.

L. 96–465, title II, §2206(a)(1), Oct. 17, 1980, 94

Stat. 2160.)

REFERENCES IN TEXT

The Foreign Service Act of 1980, referred to in subsec.

(b), is Pub. L. 96–465, Oct. 17, 1980, 94 Stat. 2071, as

amended, which is classified principally to chapter 52

(§3901 et seq.) of this title. For complete classification

of this Act to the Code, see Short Title note set out

under section 3901 of this title and Tables.

AMENDMENTS

1980—Subsec. (b). Pub. L. 96–465 substituted ‘‘a chief

of mission under the Foreign Service Act of 1980’’ for ‘‘a

Chief of Mission, class 2, within the meaning of the

Foreign Service Act of 1946, as amended’’.

EFFECTIVE DATE OF 1980 AMENDMENT

Amendment by Pub. L. 96–465 effective Feb. 15, 1981,

except as otherwise provided, see section 2403 of Pub. L.

96–465, set out as an Effective Date note under section

3901 of this title.

§ 285b. Coordination of policies and operations

The policies and operations of the representatives of the United States on the Bank shall be

coordinated with other United States policies in

such manner as the President shall direct.

(Pub. L. 89–369, §4, Mar. 16, 1966, 80 Stat. 71; Pub.

L. 101–240, title V, §541(d)(2), (f)(3), Dec. 19, 1989,

103 Stat. 2518, 2519.)

AMENDMENTS

1989—Pub. L. 101–240 struck out subsec. (a) designation and struck out subsec. (b) which read as follows:

‘‘An annual report with respect to United States participation in the Bank shall be submitted to the Congress by such agency or officer as the President shall

designate.’’

§ 285c. Congressional authorization needed for

certain actions

Unless the Congress by law authorizes such action, neither the President nor any person or

agency shall, on behalf of the United States, (a)

subscribe to additional shares of stock of the

Bank; (b) vote for or agree to any amendment of

the agreement which increases the obligations

of the United States, or which would change the

purpose or functions of the Bank; or (c) make a

loan or provide other financing to the Bank, except that funds for technical assistance note to

exceed $1,000,000 in any one year may be provided to the Bank by a United States agency

created pursuant to an Act of Congress which is

authorized by law to provide funds to international organizations.

(Pub. L. 89–369, §5, Mar. 16, 1966, 80 Stat. 72.)

SIXTH REPLENISHMENT

Pub. L. 105–118, title V, §560(a), Nov. 26, 1997, 111 Stat.

2425, provided in part that the Secretary of the Treasury may contribute on behalf of the United States to

the sixth replenishment of the resources of the Asian

Development Fund, subject to obtaining the necessary

appropriations, and authorized $400,000,000 to be appropriated without fiscal year limitation.

FIFTH REPLENISHMENT

Pub. L. 103–87, title V, §526, Sept. 30, 1993, 107 Stat.

952, provided in part that the Secretary of the Treasury

is authorized to agree on behalf of the United States to

participate in the fifth replenishment of the Asian Development Fund, subject to obtaining the necessary appropriations.

§ 285d. Federal Reserve banks as depositories

Any Federal Reserve bank which is requested

to do so by the Bank shall act as its depository

or as its fiscal agent, and the Board of Governors of the Federal Reserve System shall supervise and direct the carrying out of these

functions by the Federal Reserve banks.

(Pub. L. 89–369, §6, Mar. 16, 1966, 80 Stat. 72.)

§ 285e. Authorization of appropriations; income

covered into Treasury

(a) There is hereby authorized to be appropriated, without fiscal year limitation, for the

purchase of twenty thousand shares of capital

stock of the Bank, $200,000,000.

(b) Any payment made to the United States by

the Bank as a distribution of net income shall

be covered into the Treasury as a miscellaneous

receipt.

(Pub. L. 89–369, §7, Mar. 16, 1966, 80 Stat. 72.)

§ 285f. Jurisdiction and venue of actions

For the purpose of any civil action which may

be brought within the United States, its territories or possessions, or the Commonwealth of

Puerto Rico, by or against the Bank in accordance with the agreement, the Bank shall be

deemed to be an inhabitant of the Federal judicial district in which its principal office or agency in the United States is located, and any such

action to which the Bank shall be a party shall

be deemed to arise under the laws of the United

States, and the district courts of the United

States, including the courts enumerated in section 460 of title 28, shall have original jurisdiction of any such action. When the Bank is a defendant in any action in a State court, it may,

at any time before the trial thereof, remove

such action into the district court of the United

States for the proper district by following the

procedure for removal of causes otherwise provided by law.

(Pub. L. 89–369, §8, Mar. 16, 1966, 80 Stat. 72.)

FEDERAL RULES OF CIVIL PROCEDURE

One form of action, see rule 2, Title 28, Appendix, Judiciary and Judicial Procedure.

CROSS REFERENCES

Removal of cases from State to District courts, see

section 1441, et seq. of Title 28, Judiciary and Judicial

Procedure.

§ 285g. Status, immunities, and privileges

The agreement, and particularly articles 49

through 56, shall have full force and effect in the

United States, its territories and possessions,

and the Commonwealth of Puerto Rico, upon ac-