Page:United States Statutes at Large Volume 94 Part 1.djvu/480

 94 STAT. 430 Funds, limitation. Energy and mineral exploration, Presidential report to Congress. 22 USC 283 note.

PUBLIC LAW 96-259—JUNE 3, 1980 "(d) None of the funds authorized to be appropriated by this section may be used for any form of assistance to any country which is not a member of the Bank.". SEC. 102. The President shall evaluate a proposal for joint action by the countries of the Western Hemisphere and other countries which participate in the Inter-American Development Bank to increase exploration for and exploitation of energy and mineral resources of the Western Hemisphere through multUater^ incentives, administered by the Inter-American Development Bank, to private investment in such resources. The President shall report his findings to the Congress not later than September 30, 1980, together with such recommendations as he considers appropriate. TITLE n—ASIAN DEVELOPMENT BANK

Asian Development Fund, U.S. contribution. 22 USC 285u. Appropriation authorization.

U.S. cost, minimization.

Taiwan, Bank membership. 22 USC 285v.

SEC. 201. The Asian Development Bank Act (22 U.S.C. 285 et seq.) is amended by adding at the end thereof the following new sections: "SEC. 24. (a) The United States Governor of the Bank is authorized to contribute on behalf of the United States $378,250,000 to the Asian Development Fund, a special fund of the Bank, except that any commitment to make such contribution shall be made subject to obtaining the necessary appropriations. "db) In order to pay for the United States contribution to the Asian Development Fund provided for in this section, there are authorized to be appropriated, without fiscal year limitation, $378,250,000 for payment by the Secretary of the Treasury. "(c) For the purpose of keepingtoa minimum the costtothe United States, the Secretary of the Treasury— "(1) shall pay the United States contribution to the Asian Development Fund authorized by this section by letter of credit in four annual installments; and "(2) shall take the steps necessary to obtain a certification from the Bank that any undisbursed balances resulting from drawdowns on such letter of credit will not exceed at any time the United States share of expected disbursement requirements for the following three-month period. "SEC. 25. It is the sense of the Congress that it is the policy of the United States that Taiwan (before January 1, 1979, known as the Republic of China) shall be permitted to retain membership in the Asian Development Bank and that the United States Executive Director of the Bank shall notify the Bank that a serious review of future United States participation, including any future payments to the Asian Development Fund, would ensue if Taiwan were expelled from the Bank.". TITLE in—AFRICAN DEVELOPMENT FUND

22 USC 290g-10. U.S. contribution. 22 USC 290g-ll.

SEC. 301. The African Development Fund Act (22 U.S.C. 290g et seq.) is amended— (1) by redesignating section 212 as section 211; and (2) by adding at the end thereof the following new section: "SEC. 212. (a) The United States Governor of the Fund is authorized to contribute on behalf of the United States $125,000,000 to the Fund as the United States contribution to the second replenishment of the resources of the Fund, except that any commitment to make such

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