Page:United States Statutes at Large Volume 95.djvu/766

 95 STAT. 740

PUBLIC LAW 97-35—AUG. 13, 1981 Subtitle B—International Development Banks PART 1—INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INCREASE IN SUBSCRIPTION OF STOCK

SEC. 1311. The Bretton Woods Agreements Act (22 U.S.C. 286 et seq.) is amended by adding at the end thereof the following new section: 22 USC 286e-ih. "SEC, 39. (a) The United States Governor of the Bank is authorized— "(1) to vote to increase by three hundred and sixty-five thousand shares the authorized capital stock of the Bank; and "(2) to subscribe on behalf of the United States to not more than seventy-three thousand and ten shares of the capital stock of the Bank: Provided, however, That not more than seven and one-half percent ($658,305,195) of the price of the shares subscribed may be paid in to the Bank on subscription, with the remainder of that price ($8,149,256,155) being subject to call only when a call on unpaid subscriptions is required to meet obligations of the Bank for funds borrowed or on loans guaranteed by it and not for use by the Bank in its lending activities or for administrative expenses: Provided further. That any subscription to such additional shares shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts. Appropriation "(b) In Order to pay for the paid-in portion of the United States authorization. subscription to the Bank provided for in this section, there is authorized to be appropriated, without fiscal year limitation, $658,305,195 for payment by the Secretary of the Treasury: Provided, however. That not more than $109,720,549 of such sum may be made available for each of the fiscal years 1982, 1983, and 1984.". FUTURE SUBSCRIPTIONS OF STOCK

SEC. 1312. Section 27(a)(2) of the Bretton Woods Agreements Act (22 U.S.C. 286e-lf[aX2)) is amended by striking out "That any subscription to additional shares shall be made only after the amount required for such subscription has been appropriated" and inserting in lieu thereof "That any subscription to additional shares shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts". PART 2—INTERNATIONAL DEVELOPMENT ASSOCIATION SIXTH REPLENISHMENT

22 USC 284o.

SEC. 1321. The International Development Association Act (22 U.S.C. 284 et seq.) is amended by adding at the end thereof the following new section: "SEC. 17. (a) The United States Governor is authorized to agree on behalf of the United States to pay to the Association $3,240,000,000 as the United States contribution to the sixth replenishment of the resources of the Association: Provided, however. That any commitment to make such contributions shall be made subject to obtaining the necessary appropriations.

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