{"identifier":"/us/usc/t22/s290l\u20134","title":22,"num":"\u00a7\u202f290l\u20134.","heading":"Subscription of stock","text":"\u00a7\u202f290l\u20134.\nSubscription of stock\n(a)\nSubscription authority\n(1)\nIn general\nThe Secretary of the Treasury may subscribe on behalf of the United States to 100,000 shares of the capital stock of the Bank.\n(2)\nEffectiveness of subscription commitment\nAny commitment to make such subscription shall be effective only to such extent or in such amounts as are provided for in advance by appropriations Acts.\n(b)\nLimitations on authorization of appropriations\nFor payment by the Secretary of the Treasury of the subscription of the United States for shares described in subsection (a), there are authorized to be appropriated $1,167,010,000 without fiscal year limitation.\n(c)\nDisposition of net income distributions by Bank\nAny payment made to the United States by the Bank as a distribution of net income shall be covered into the Treasury as a miscellaneous receipt.","url":"https://projectusc.org/usc/t22/s290l\u20134.html","content":[{"t":"sec","id":"/us/usc/t22/s290l\u20134","children":[{"t":"num","text":"\u00a7\u202f290l\u20134."},{"t":"heading","text":"Subscription of stock"},{"t":"subsec","id":"/us/usc/t22/s290l\u20134/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"Subscription authority"},{"t":"para","id":"/us/usc/t22/s290l\u20134/a/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"In general"},{"t":"content","children":[{"t":"p","text":"The Secretary of the Treasury may subscribe on behalf of the United States to 100,000 shares of the capital stock of the Bank.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t22/s290l\u20134/a/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Effectiveness of subscription commitment"},{"t":"content","children":[{"t":"p","text":"Any commitment to make such subscription shall be effective only to such extent or in such amounts as are provided for in advance by appropriations Acts.","tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t22/s290l\u20134/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Limitations on authorization of appropriations"},{"t":"content","children":[{"t":"p","text":"For payment by the Secretary of the Treasury of the subscription of the United States for shares described in subsection (a), there are authorized to be appropriated $1,167,010,000 without fiscal year limitation.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t22/s290l\u20134/c","children":[{"t":"num","text":"(c)"},{"t":"heading","text":"Disposition of net income distributions by Bank"},{"t":"content","children":[{"t":"p","text":"Any payment made to the United States by the Bank as a distribution of net income shall be covered into the Treasury as a miscellaneous receipt.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}