---
kind: "section"
citation: "22 U.S.C. § 283z–5"
title: "22"
title_heading: "Foreign Relations and Intercourse"
number: "283z–5"
heading: "Capital increase; increase in resources of Fund for Special Operations"
release: "119-102"
url: "https://uscodex.org/usc/22/283z-5"
units:
  - "Chapter 7 — International Bureaus, Congresses, Etc."
  - "Subchapter XII — Inter-American Development Bank"
---

# §283z–5. Capital increase; increase in resources of Fund for Special Operations

- (a) **Authority to vote for, and to subscribe and contribute to, increase in authorized capital stock of Bank and increase in resources of Fund for Special Operations—**
  - (1) **Vote authorized—** The [United States](/usc/22/1395.md?p=a-1) Governor of the Bank is authorized to vote for resolutions which—
    - (A) were transmitted by the [Board](/usc/22/2431a.md?p=4) of [Executive Directors](/usc/22/10601.md?p=5) to the Governors of the Bank by resolution of April 19, 1989;
    - (B) are pending before the [Board](/usc/22/2431a.md?p=4) of Governors of the Bank; and
    - (C) provide for—
      - (i) an increase in the authorized capital stock of the Bank and subscriptions to the Bank; and
      - (ii) an increase in the resources of the [Fund](/usc/22/2431a.md?p=9) for Special Operations and contributions to the [Fund](/usc/22/2431a.md?p=9).
  - (2) **Subscription and contribution authority—** To the extent and in the amounts provided in advance in appropriations Acts, on adoption of the resolutions described in [paragraph (1)](#a-1), the [United States](/usc/22/1395.md?p=a-1) Governor of the Bank may, on behalf of the [United States](/usc/22/1395.md?p=a-1)—
    - (A) subscribe to 760,112 shares of the increase in the authorized capital stock of the Bank; and
    - (B) contribute $82,304,000 to the [Fund](/usc/22/2431a.md?p=9) for Special Operations.
- (b) **Limitation on authorization of appropriations—** To pay for the subscription and contribution authorized under [subsection (a)](#a), there are authorized to be appropriated, without fiscal year limitation, for payment by the [Secretary](/usc/22/277d–43.md?p=5) of the Treasury—
  - (1) $9,169,559,712, for the [United States](/usc/22/1395.md?p=a-1) subscription to the capital stock of the Bank; and
  - (2) $82,304,000, for the [United States](/usc/22/1395.md?p=a-1) contribution to the [Fund](/usc/22/2431a.md?p=9) for Special Operations.
- (c) **Organizational changes required to be made before payment for subscription to capital stock and contribution to Fund for Special Operations—** The [Secretary](/usc/22/277d–43.md?p=5) of the Treasury may not make any payment for the subscription and contribution authorized under [subsection (a)](#a) unless the Bank—
  - (1) has established an environmental unit with responsibility for the development, evaluation, and integration of Bank policies, projects, and [programs](/usc/22/3383.md?p=6) designed to promote environmentally sustainable development in borrower countries;
  - (2) has increased the number of the staff of the Bank with environmentally oriented responsibilities and [training](/usc/22/8921.md?p=3);
  - (3) provides for an increase in the number of environmentally beneficial projects and [programs](/usc/22/3383.md?p=6) financed by the Bank; and
  - (4) has designed a process for ensuring the access of indigenous non-governmental organizations to the process for designing projects and [programs](/usc/22/3383.md?p=6).
- (d) **Certification of access to Bank records required before payment for subscription to capital stock and contribution to Fund for Special Operations—** The [Secretary](/usc/22/277d–43.md?p=5) of the Treasury shall not make any payment for the subscription and contribution authorized under [subsection (a)](#a) until the [Secretary](/usc/22/277d–43.md?p=5), after consultation with the [United States](/usc/22/1395.md?p=a-1) [Executive Director](/usc/22/10601.md?p=5) of the Bank, certifies to the Congress that—
  - (1) the Bank has given the Comptroller General of the [United States](/usc/22/1395.md?p=a-1) access to the audit memorandum issued by the Auditor General of the Bank with respect to the November 1987 disbursement of [funds](/usc/22/2431a.md?p=9) to the Government of Nicaragua;
  - (2) the Bank has implemented and is continuing to implement revised procedures issued in 1988 for collecting loan services payments in arrears;
  - (3) the revised procedures referred to in [paragraph (2)](#d-2) satisfy the recommendations of the Auditor General of the Bank; and
  - (4) the Comptroller General of the [United States](/usc/22/1395.md?p=a-1) has access to all documents of the Bank on the same terms and under the same conditions as such documents are made available to the [United States](/usc/22/1395.md?p=a-1) [Executive Director](/usc/22/10601.md?p=5) of the Bank.

## Source credit

(Pub. L. 86–147, § 33, as added Pub. L. 101–240, title II, § 201, Dec. 19, 1989, 103 Stat. 2496.)