Page:United States Statutes at Large Volume 90 Part 1.djvu/641

 90 STAT. 5 9 1

PUBLIC LAW 9 4 - 3 0 2 — M A Y 31, 1976

Public Law 94- 302 94th Congress An Act To provide for increased participation by the United States in the Inter-American Development Banlj, to provide for the entry of nonregional members and the Bahamas and Guyana in the Inter-American Development Bank, to provide for the participation of the United States in the African Development Fund, and for other purposes. Be it enacted by the Senate and House of Representatives United States of America in Congress assembled,

May 31, 1976 [H.R. 9721] '

of the

TITLE I—INTER-AMERICAN DEVELOPMENT BANK

Inter-American Development Bank and the African Development Fund, increased U.S. participation. Swine influenza, control. 22 USC 283w.

SEC. 101. The Inter-American Development Bank Act (22 U.S.C. 283 et seq.) is further amended by adding at the end thereof the following new sections: " SEC. 26. (a) The United States Governor of the Bank is hereby authorized to vote in favor of two resolutions 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 B a n k and additional subscriptions of members thereto and (2) an increase in the resources of the F u n d 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 p a r 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 F u n d 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 Appropriation year limitation, the amounts necessary for payment by the Secretary authorization. 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 F u n d for Special Operations. " SEC. 27. (a) The United States Governor of the Bank is hereby 22 USC 283x. authorized to vote for an additional increase of one hundred and eight thousand shares of $10,000 p a r value in the authorized callable capital stock of the B a n k 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 B a n k 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 p a r value of such additional increase in callable capital in accordance with and subject to the terms and conditions of such resolution.

89-194 O—78—pt. 1

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