Increase in capital stock of Bank; subscription to additional shares; authorization of appropriations

22 U.S.C. § 286e–1d
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(a) The United States Governor of the Bank is authorized (1) to vote for an increase of $3,000,000,000 in the authorized capital stock of the Bank, and (2) if such increase becomes effective, to subscribe on behalf of the United States to two thousand four hundred and sixty-one additional shares of the capital stock of the Bank. (b) In order to pay for the increase in the United States subscription to the Bank provided for in this section, there is hereby authorized to be appropriated $246,100,000 to remain available until expended.

Starting a business? Corpus forms LLCs in all 50 states and DC.