PUBLIC LAW 97-35—AUG. 13, 1981
95 STAT. 741
"(b) In order to pay for the United States contributions provided for in this section, there is authorized to be appropriated, without fiscal year limitation, $3,240,000,000 for payment by the Secretary of the Treasury: Provided, however, That not more than $850,000,000 of such sum may be made available for the fiscal year 1982 and not more than $945,000,000 of such sum may be made available for the fiscal year 1983.".
Appropriation authorization.
PART 3—AFRICAN DEVELOPMENT BANK
African Development Bank Act.
SHORT TITLE
SEC. 1331. This part may be cited as the "African Development Bank Act".
22 USC 290i note.
ACCEPTANCE OF MEMBERSHIP
SEC. 1332. The President is hereby authorized to accept membership for the United States in the African Development Bank (hereinafter in this part referred to as the "Bank") provided for by the agreement establishing the Bank (hereinafter in this part referred to as the "agreement") deposited in the archives of the United Nations.
22 USC 290i.
GOVERNOR AND ALTERNATE GOVERNOR
SEC. 1333. (a) The President, by and with the advice and consent of the Senate, shall appoint a Governor and an Alternate Governor of the Bank. The term of office for the Governor and the Alternate Governor shall be five years, subject at any time to termination of appointment or to reappointment. The Governor and Alternate Governor shall remain in office until a successor has been appointed. (b) No person shall be entitled to receive any salary or other compensation from the United States for services as a Governor or Alternate Governor, except for reasonable expenses to attend meetings of the Board of Governors. (c) The Governor, or in the Governor's absence the Alternate Governor, on the instructions of the President, shall cast the votes of the United States for the Director to represent the United States in the Bank.
Appointment. 22 USC 290i-l.
DIRECTOR OR ALTERNATE DIRECTOR; ALLOWANCES
SEC. 1334. The Director or Alternate Director representing the 22 USC 290i-2. United States, if citizens of the United States, may, in the discretion of the President, receive such compensation, allowances, and other benefits as, together with those received from the Bank and from the African Development Fund, may not exceed those authorized for a 22 USC 3901 chief of mission under the Foreign Service Act of 1980. note.
APPLICABILITY OF BRETTON WOODS AGREEMENTS ACT
SEC. 1335. The provisions of section 4 of the Bretton Woods 22USe290i-3. Agreements Act (22 U.S.C. 286b) shall apply with respect to the Bank to the same extent as with respect to the International Bank for Reconstruction and Development and the International Monetary Fund. Reports with respect to the Bank under paragraphs (5) and (6) of section 4 of that Act shall be included in the first and subsequent reports made thereunder after the United States accepts membership in the Bank.
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