Pub. L. 95-481, tit. III, under "Funds Appropriated to the President"

Funds Appropriated to the President

EnactedYear: 1978Length: 922 wordsOfficial source
Funds Appropriated to the President International Financial Institutions contribution to the asian development bank For payment to the Asian Development Bank by the Secretary of the Treasury, $265,000,000, for the (1) United States share of the increase in subscriptions to the (a) paid-in capital stock, and (b) callable capital stock, and (2) the United States contribution to the increase in resources of the Asian Development Fund as authorized by the Act of October 3, 1977 (Public Law 95–118), to remain available until expended: Provided, That no such payment may be made while the United States Director to the Bank is compensated by the Bank at a rate which, together with whatever compensation such Direc-92 STAT. 1598tor receives from the United States, is in excess of the rate provided for an individual occupying a position at level IV of the Executive Schedule under section 5315 of title 5, United States Code, or while any alternate United States Director to the Bank is compensated by the Bank in excess of the rate provided for an individual occupying a position at level V of the Executive Schedule under section 5316 of title 5, United States Code. contribution to the inter-american development bank For payment to the Inter-American Development Bank by the Secretary of the Treasury, $763,728,483, for the United States share of (1) the increase in subscriptions to (a) paid-in capital stock, and (b) callable capital stock, and (2) the fifth replenishment of the resources of the Fund for Special Operations as authorized by the Act of May 31, 1976 (Public Law 94–302), to remain available until expended: Provided, That no such payment may be made while the United States Executive Director to the Bank is compensated by the Bank at a rate in excess of the rate provided for an individual occupying a position at level IV of the Executive Schedule under section 5315 of title 5, United States Code, or while the alternate United States Executive Director to the Bank is compensated by the Bank at a rate in excess of the rate provided for an individual occupying a position at level V of the Executive Schedule under section 5316 of title 5, United States Code. contribution to the international bank for reconstruction and development For payment to the International Bank for Reconstruction and Development by the Secretary of the Treasury, $163,079,165, for the United States snare of the increase in subscriptions to the (1) paid-in capital stock, and (2) callable capital stock, as authorized by the Act of October 3, 1977 (Public Law 95–118), to remain available until expended: Provided, That no such payment may be made while the United States Executive Director to the Bank is compensated by the Bank at a rate in excess of the rate provided for an individual occupying a position at level IV of the Executive Schedule under section 5315 of title 5, United States Code, or while the alternate United States Executive Director to the Bank is compensated by the Bank at a rate in excess of the rate provided for an individual occupying a position at level V of the Executive Schedule under section 5316 of title 5, United States Code. contribution to the international finance corporation For payment to the International Finance Corporation by the Secretary of the Treasury, $40,045,100, for the United States share of the increase in subscriptions to capital stock, as authorized by the Act of October 3, 1977 (Public Law 95–118), to remain available until expended. contribution to the international development association For payment to the International Development Association by the Secretary of the Treasury, $458,000,000 for the United States contribution to the fourth replenishment as authorized by the Act of August 14, 1974 (Public Law 93–373), to remain available until expended and $800,000,000, for the second installment of the United 92 STAT. 1599States contribution to the fifth replenisliment as authorized by the Act of October 3, 1977 (Public Law 95–118), to remain available until expended: Provided, That no such payment may be made while the United States Executive Director to the International Bank for Reconstruction and Development is compensated by the Bank at a rate in excess of the rate provided for an individual occupying a position at level IV of the Executive Schedule under section 5315 of title 5, United States Code, or while the alternate United States Executive Director to the Bank is compensated by the Bank at a rate in excess of the rate provided for an individual occupying a position at level V of the Executive Schedule under section 5316 of title 5, United States Code. contribution to the african development fund For payment to the African Development Fund by the Secretary of the Treasury, $25,000,000, for the United States contribution to the increase in resources as authorized by the Act of October 3, 1977 (Public Law 95–118), to remain available until expended. future united states contributions to the international financial institutions It is the sense of the Congress that the United States share of contributions to future replenishments of the International Financial Institutions should not exceed the percentages enumerated below for each of the respective accounts within these institutions: Asian Development Bank: Paid-in capital, 16.3 percent; Callable capital, 16.3 percent; Asian Development Fund, 22.2 percent; African Development Bank: Special Fund, 18 percent; Inter-American Development Bank: Paid-in capital, 34.5 percent; Callable capital, 34.5 percent; Fund for Special Operations, 40 percent; International Bank for Reconstruction and Development: Paid-in capital, 24 percent; Callable capital, 24 percent; International Development Association, 25 percent; International Finance Corporation, 23 percent.