(a) For the purpose of participation
of the United States in the Supplementary Financing Facility (hereinafter
referred to as the ‘facility’) established by the decision numbered
5508—(77/127) of the Executive Directors of the Fund, the Secretary
of the Treasury is authorized to make resources available as provided
in the decision numbered 5509—(77/ 127) of the Fund, in an amount
not to exceed the equivalent of 1,450 million Special Drawing Rights.
(b) The Secretary of the Treasury shall account,
through the fund established by section 10 of the Gold Reserve Act
of 1934 (31 U.S.C. 822a), for any adjustment in the value of monetary
assets held by the United States in respect of United States participation
in the facility.
(c) Notwithstanding any other
provisions of this section, the authority of the Secretary to enter
into agreements making resources available under this section shall be limited to such
amounts as are appropriated in advance in appropriation Acts. Effective
October 1, 1978, there are hereby authorized to be appropriated to
the Secretary of the Treasury, without fiscal year limitation, such
sums as are necessary to carry out subsection (a) of this section,
but not to exceed an amount of dollars equivalent to 1,450 million
Special Drawing Rights.
[22 USC 286e-7. As
added by act of Oct. 10, 1978 (92 Stat. 1051).]
