Section 3
Payments to Bank.
The African Development Bank Act, 1983
About this Act
An Act to implement the international agreement for the establishment and operation of the African Development Bank and for matters concerned therewith.
(1) There shall be paid out of the Consolidated Fund of India, after due
appropriation made by Parliament by law in this behalf, all such sums as may, from time to time, be
required for the purpose of paying,--
(a) the subscriptions payable by the Central Government to the Bank under Articles 6, 7, 10 and 21 of the Agreement;
(b) any sums payable by the Central Government to the Bank under Article 28 of the Agreement;
(2) The Central Government may, if it thinks fit so to do, create and issue to the Bank, in such form as it thinks fit, any non-interest bearing and non-negotiable notes or other obligations.
(a) the subscriptions payable by the Central Government to the Bank under Articles 6, 7, 10 and 21 of the Agreement;
(b) any sums payable by the Central Government to the Bank under Article 28 of the Agreement;
(2) The Central Government may, if it thinks fit so to do, create and issue to the Bank, in such form as it thinks fit, any non-interest bearing and non-negotiable notes or other obligations.