European Bank for Reconstruction and Development general capital increase
Title IV — Multilateral development bank capital increases
Read this section in the full bill →
This section appears in one version only, so there is nothing to compare yet.
The European Bank for Reconstruction and Development Act (22 U.S.C. 290l–290l–9) is amended by adding at the end the following: (13) Capital increase (A) Subscription authorized (i) The United States Governor of the Bank is authorized to subscribe on behalf of the United States to 40,000 additional shares of the paid-in capital stock of the Bank. (ii) Any subscription by the United States to additional paid-in capital stock of the Bank shall be effective only to such extent and in such amounts as are provided in advance in appropriations Acts. (B) Authorization of appropriations In order to pay for the increase in the United States subscription to the Bank under subparagraph (A), there are authorized to be appropriated, without fiscal year limitation, $439,100,000, for payment by the Secretary of the Treasury..