Page 101 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 283p

§ 283m. Additional increases in resources of the

Fund for Special Operations

(a) Authorization of vote; payment to Fund

The United States Governor of the Bank is

hereby authorized to vote in favor of the resolution entitled ‘‘Increase of $1,200,000,000 in Resources of Fund for Special Operations’’ proposed by the Governors at their annual meeting

in April 1967 and now pending before the Board

of Governors of the Bank. Upon the adoption of

such resolution, the United States Governor is

authorized to agree, on behalf of the United

States, to pay to the Fund for Special Operations of the Bank, the sum of $900,000,000, in accordance with and subject to the terms and conditions of such resolution, and subject to the

further condition that in consideration of the

United States balance-of-payments deficit any

local cost financing, by project or otherwise,

with the funds authorized under this section to

be held to the minimum possible level. The

United States Governor is also authorized to

vote in favor of the amendment to Annex C of

the agreement, now pending before the Board of

Governors of the Bank, to modify the procedure

employed in the election of Executive Directors.

(b) Authorization of appropriations

There is hereby authorized to be appropriated

without fiscal year limitation, for the United

States share in the increase in the resources of

the Fund for Special Operations of the Bank, the

sum of $900,000,000.

(c) Loan disapproval by the United States

The voting power of the United States shall be

exercised for the purpose of disapproving any

loan which might assist the recipient country

directly or indirectly to acquire sophisticated or

heavy military equipment.

(Pub. L. 86–147, §16, as added Pub. L. 90–88, §2,

Sept. 22, 1967, 81 Stat. 227.)

§ 283n. Increase in authorized capital stock;

United States share; authorization of appropriations

(a) The United States Governor of the Bank is

hereby authorized (1) to vote for an increase in

the authorized capital stock of the Bank under

article II, section 2, of the agreement as recommended by the Board of Executive Directors

in its report of April 1967, to the Board of Governors of the Bank; and (2) to agree on behalf of

the United States to subscribe to its proportionate share of the $1,000,000,000 increase in the

authorized callable capital stock of the bank.

(b) There is hereby authorized to be appropriated, without fiscal year limitation, for payment by the Secretary of the Treasury of the increased United States subscription to the capital stock of the Inter-American Development

Bank, $411,760,000.

(Pub. L. 86–147, §17, as added Pub. L. 90–325, June

4, 1968, 82 Stat. 168.)

§ 283o. Increase in authorized capital stock and

additional subscriptions of members thereto;

increase in resources of Fund for Special Operations and contributions thereto; United

States share; authorization of appropriations

(a) The United States Governor of the Bank is

hereby authorized to vote in favor of the two

resolutions proposed by the Governors at their

annual meeting in April 1970 and now pending

before the Board of Governors of the Bank,

which provide for (1) an increase in the authorized capital stock to 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 eighty-two

thousand three hundred and fifty-two shares of

$10,000 par value of the increase in the authorized capital stock of the Bank of which sixtyseven thousand three hundred and fifty-two

shall be callable shares and fifteen thousand

shall be paid in and (2) to pay to the Fund for

Special Operations an initial annual installment

of $100,000,000 and, upon further authorization by

the Congress two subsequent annual installments of $450,000,000 each, 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) three annual installments of $50,000,000 each for the United

States subscription to paid-in capital stock of

the Bank; (2) two installments of $336,760,000

each for the United States subscription to the

callable capital stock of the Bank; and (3) one

installment of $100,000,000 for the United States

share of the increase in the resources of the

Fund for Special Operations of the Bank.

(Pub. L. 86–147, §18, as added Pub. L. 91–599, ch.

2, §21(a), Dec. 30, 1970, 84 Stat. 1658.)

§ 283p. Authorization for payment of United

States contribution to increase Fund for Special Operations; authorization of appropriations

(a) The United States Governor of the Bank is

authorized to pay to the Fund for Special Operations two annual installments of $450,000,000

each in accordance with and subject to the

terms and conditions of the resolution adopted

by the Board of Governors on December 31, 1970,

concerning an increase in the resources of the

Fund for Special Operations and contributions

thereto.

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

amounts necessary for payment by the Secretary of the Treasury of the two annual installments of $450,000,000 each for the United States

share of the increase in the resources of the

Fund for Special Operations of the Bank.

(Pub. L. 86–147, §19, as added Pub. L. 92–246, §1,

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