Nonpartisan civic infrastructure
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22 U.S.C. § 282l

U.S. CodeFederal
Capital stock increase
About This Law
/us/usc/t22/s282l
Title
22 — Foreign Relations and Intercourse
Chapter
CH7
Release
119-84
Release Date
2026-04-17

Section Text

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(a) Subscription authorized(1) In generalThe United States Governor of the Corporation may—(A) vote for an increase of 1,000,000 shares in the authorized capital stock of the Corporation; and (B) subscribe on behalf of the United States to 250,000 additional shares of the capital stock of the Corporation. (2) Prior appropriation requiredThe subscription authority provided in paragraph (1) shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts. (b) Limitations on authorization of appropriationsIn order to pay for the subscription authorized in subsection (a), there are authorized to be appropriated, without fiscal year limitation, $50,000,000 for payment by the Secretary of the Treasury. (Aug. 11, 1955, ch. 788, § 14, as added Pub. L. 102–145, § 125(a), Oct. 28, 1991, as added Pub. L. 102–266, § 102, Apr. 1, 1992, 106 Stat. 97.)

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