---
kind: "section"
citation: "22 U.S.C. § 290i–6"
title: "22"
title_heading: "Foreign Relations and Intercourse"
number: "290i–6"
heading: "Subscription to stock"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/22/290i-6"
units:
  - "Chapter 7 — International Bureaus, Congresses, Etc."
  - "Subchapter XXIV — African Development Bank"
---

# §290i–6. Subscription to stock

- (a) **Authorization of United States subscription to stock—** The President is authorized to agree to subscribe on behalf of the United States to twenty-nine thousand eight hundred and twenty shares of the capital stock of the Bank: Provided, however, That the subscription shall be effective only to such extent or in such amounts as are provided in advance in appropriations Acts.
- (b) **Authorization of appropriations—** There is authorized to be appropriated, without fiscal year limitation, for payment by the [Secretary](/usc/22/277d–43.md?p=5) of the Treasury of the initial United States subscription to twenty-nine thousand eight hundred and twenty shares of the capital stock of the Bank, $359,733,570: Provided, however, That not more than $17,986,679 of such sum may be made available for paid in subscriptions to the Bank for each of the fiscal years 1982, 1983, and 1984.
- (c) **Distributions by Bank—** Any payment or distributions of moneys from the Bank to the United States shall be covered into the Treasury as a miscellaneous receipt.

## Source credit

(Pub. L. 97–35, title XIII, § 1338, Aug. 13, 1981, 95 Stat. 742.)

## Notes

### Executive Documents

### Delegation of Functions

Functions of President under subsec. (a) delegated to Secretary of the Treasury, see Ex. Ord. No. 12403, Feb. 8, 1983, 48 F.R. 6087.