Page:Asian Infrastructure Investment Bank Act 2015.pdf/4

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ASIAN INFRASTRUCTURE INVESTMENT BANK
5


(b) where the shares of Singapore have been increased at the request of the Government under paragraph 3 of Article 5, subscribe to the amount of such increase; and
(c) where the original authorised capital stock of the Bank is increased under paragraph 4 of Article 5, subscribe to a proportion of the increase of stock as provided in that paragraph.

(2) The total subscription to the Bank may not exceed the sum of US$500 million unless increased with the approval of Parliament signified by resolution.

Sums payable to Bank to be charged on Consolidated Fund

5.—(1) The following sums are to be charged on the Consolidated Fund:

(a) all sums payable to the Bank by way of subscription to its paid-in capital stock under paragraph 1 of Article 6;
(b) all sums payable to the Bank by way of subscription to its callable capital stock as and when required by the Bank, under paragraph 3 of Article 6;
(c) all sums payable to the Bank by way of increase of the shares of the Bank’s capital stock subscribed by the Government under paragraphs 3 and 4 of Article 5;
(d) all sums payable to the Bank under any other provisions of the Agreement.

(2) All sums charged on the Consolidated Fund under this section may be paid in United States dollars or in such other currency permitted by the Agreement.

Moneys received by Government to be paid into Consolidated Fund

6. All sums received by or on behalf of the Government from the Bank are to be paid into the Consolidated Fund.