H. R. 3450—110
tion of the United States for shares described in paragraph
(1), there are authorized to be appropriated $1,500,000,000
($225,000,000 of which may be used for paid-in capital and
$1,275,000,000 of which may be used for callable capital) with-
out fiscal year limitation.
(3) FUNDING; LIMITATION ON CALLABLE CAPITAL SUBSCRIP-
TIONS.—
(A) FUNDING.—For fiscal year 1995, the Secretary of
the Treasury shall pay to the Bank out of any sums in
the Treasury not otherwise appropriated the sum of
$56,250,000 for the paid-in portion of the United States
share of the capital stock of the Bank, 10 percent of which
may be transferred by the Bank to the President pursuant
to section 543 to pay for the cost of direct and guaranteed
Federal loans.
(B) LIMITATION ON CALLABLE CAPITAL SUBSCRIPTIONS.—
For fiscal year 1995, the Secretary of the Treasury shall
subscribe to the callable capital portion of the United States
share of the capital stock of the Bank in an amount not
to exceed $318,750,000.
(4) DISPOSITION OF NET INCOME DISTRIBUTED BY THE FACIL-
ITY.—Any payment made to the United States by the Bank
as a distribution of net income shall be covered into the Treas-
ury as a miscellaneous receipt.
(c) COMPENSATION OF BOARD MEMBERS.—No person shall be
entitled to receive any salary or other compensation from the Bank
or the United States for services as a Board member.
(d) APPLICABILITY
OF BRETTON WOODS AGREEMENTS ACT.—
The provisions of section 4 of the Bretton Woods Agreements Act
shall apply with respect to the Bank to the same extent as with
respect to the International Bank for Reconstruction and Develop-
ment and the International Monetary Fund.
(e) RESTRICTIONS.—Unless authorized by law, neither the Presi-
dent nor any person or agency shall, on behalf of the United
States—
(1) subscribe to additional shares of stock of the Bank;
(2) vote for or agree to any amendment of the Cooperation
Agreement which increases the obligations of the United States,
or which changes the purpose or functions of the Bank; or
(3) make a loan or provide other financing to the Bank.
(f) FEDERAL RESERVE BANKS AS DEPOSITORIES.—Any Federal
Reserve bank that 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 carry-
ing out of these functions by the Federal Reserve banks.
(g) JURISDICTION OF UNITED STATES COURTS AND ENFORCEMENT
OF ARBITRAL AWARDS.—For the purpose of any civil action which
may be brought within the United States, its territories or posses-
sions, or the Commonwealth of Puerto Rico, by or against the
Bank in accordance with the Cooperation Agreement, including
an action brought to enforce an arbitral award against the Bank,
the Bank shall be deemed to be an inhabitant of the Federal
judicial district in which its principal office within the United
States or its agency appointed for the purpose of accepting service
or notice of service 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,
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