Asian Infrastructure Investment Bank Act · 2022 Revised Edition
5. Sums payable to Bank to be charged on Consolidated Fund
Official textFrom Attorney General's Chambers, unchanged
The following sums are to be charged on the Consolidated
Fund —
all sums payable to the Bank by way of subscription to its paid-in capital stock under paragraph 1 of Article 6;
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;
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;
all sums payable to the Bank under any other provisions of the Agreement;
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.
Agreement
“Agreement” means the Agreement for the establishment and operation of the international body known as the Asian Infrastructure Investment Bank done at Beijing on 29th June 2015 and entered into force on 25th December 2015;
Asian Infrastructure Investment Bank
Bank
“Bank” means the Asian Infrastructure Investment Bank established under the Agreement;
Terms defined in s 2
Agreement
Defined · s 2“Agreement” means the Agreement for the establishment and operation of the international body known as the Asian Infrastructure Investment Bank done at Beijing on 29th June 2015 and entered into force on 25th December 2015;
Bank
Defined · s 2“Bank” means the Asian Infrastructure Investment Bank established under the Agreement;