Statute · United States Code
22 U.S.C. § 290l–4 — Subscription of stock
22 U.S.C. § 290l-4
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2026-11-03
(a) Subscription authority (1) In general The Secretary of the Treasury may subscribe on behalf of the United States to 100,000 shares of the capital stock of the Bank. (2) Effectiveness of subscription commitment Any commitment to make such subscription shall be effective only to such extent or in such amounts as are provided for in advance by appropriations Acts. (b) Limitations on authorization of appropriations For payment by the Secretary of the Treasury of the subscription of the United States for shares described in subsection (a), there are authorized to be appropriated $1,167,010,000 without fiscal year limitation. (c) Disposition of net income distributions by Bank Any payment made to the United States by the Bank as a distribution of net income shall be covered into the Treasury as a miscellaneous receipt.
Citator
22 U.S.C. § 290l–4 — Subscription of stock is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Subscription authority (1) In general The Secretary of the Treasury may subscribe on behalf of the United States to 100,000 shares of the capital stock of the Bank. (2) Effectiveness of subscription commitment Any commitment to make such subscription shall be effective only to such extent or in such amounts as are provided for in advance by appropriations Acts. (b) Limitations on authorization of appropriations For payment by the Secretary of the Treasury of the subscription of the United States for shares described in subsection (a), there are authorized to be appropriated $1,167,010,000 without fiscal year limitation. (c) Disposition of net income distributions by Bank Any payment made to the United States by the Bank as a distribution of net income shall be covered into the Treasury as a miscellaneous receipt.