Page 185 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 290g–10

(Pub. L. 94–302, title II, §207, May 31, 1976, 90

Stat. 594.)

§ 290g–6. Civil action by or against the Fund;

service of process, venue, jurisdiction, removal 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 Fund in accordance with the agreement, the Fund shall be

deemed to be an inhabitant of the Federal judicial district in which its principal office or agency appointed for the purpose of accepting service

or notice of service is located, and any such action to which the Fund shall be 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 Fund is 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. 94–302, title II, §208, May 31, 1976, 90

Stat. 594.)

CROSS REFERENCES

District courts, removal of cases from State courts,

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

§ 290g–7. Force and effect of agreement; deposit

of documents by the President; reservation

of right to tax salaries and emoluments paid

by the Fund to United States citizens or nationals

The agreement, including without limitation

articles 41 through 50, shall have full force and

effect in the United States, its territories and

possessions, and the Commonwealth of Puerto

Rico, upon the acceptance of participation by

the United States in, and the entry into force of,

the Fund. The President, at the time of deposit

of the instrument of acceptance of participation

of the United States in the Fund, shall also deposit a declaration that the United States retains for itself and its political subdivisions the

right to tax salaries and emoluments paid by

the Fund to its citizens or nationals and may deposit a declaration providing for reservations on

other matters set forth in article 58.

(Pub. L. 94–302, title II, §209, May 31, 1976, 90

Stat. 594.)

REFERENCES IN TEXT

The agreement and articles 41 through 50 and article

58, referred to in text, mean the Bretton Woods Agreement and the articles thereof.

§ 290g–8. Presidential instructions to United

States Governor of the Fund to veto any use

of funds to benefit a country pursuing a detrimental economic policy against United

States interests; exceptions

The President shall instruct the United States

Governor of the Fund to cause the Executive Director representing the United States in the

Fund to cast the votes of the United States

against any loan or other utilization of the

funds of the Fund 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. 94–302, title II, §210, May 31, 1976, 90

Stat. 595.)

§ 290g–9. Repealed. Pub. L. 95–118, title VII, § 702,

Oct. 3, 1977, 91 Stat. 1070

Section, Pub. L. 94–302, title II, §211, May 31, 1976, 90

Stat. 595; H. Res. 5, Jan. 4, 1977, set forth provisions relating to United States participation in financial assistance by the African Development Fund 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.

§ 290g–10. Additional authorization for contribution to African Development Fund

(a) Payment of United States contribution; review of payment and voting structure with

other donor nations

The United States Governor is authorized to

contribute on behalf of the United States

$50,000,000 to the African Development Fund,

which would represent an additional United

States contribution to the first replenishment.

The Secretary of the Treasury is directed to

begin discussions with other donor nations to

the African Development Fund for the purpose

of setting amounts and of reviewing and possibly changing the voting structure within the

Fund: Provided, however, That any commitment

to make such contribution shall be made subject

to obtaining the necessary appropriations.