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50 U.S.C. § 4233 — Aleutian and Pribilof Islands Restitution Fund

submitted 38 years ago by Pub. L. 100-383 to r/title-50-WAR-AND-NATIONAL-DEFENSE · 193 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section creates the Aleutian and Pribilof Islands Restitution Fund in the Treasury. It assigns administration, reporting, investment, and termination duties for the Fund.

(a) Establishment There is established in the Treasury of the United States the Aleutian and Pribilof Islands Restitution Fund, which must be administered by the Secretary. The Fund must consist of amounts appropriated to it under this subchapter.
(b) Report The Secretary must report to the Congress, not later than 60 days after the end of each fiscal year, on the financial condition of the Fund, and the results of operations of the Fund, during the preceding fiscal year and on the expected financial condition and operations of the Fund during the current fiscal year.
(c) Investment Amounts in the Fund must be invested under section 9702 of title 31 .
(d) Termination The Secretary must end the Fund 3 years after August 10, 1988 , or 1 year following disbursement of all payments from the Fund, as authorized by this subchapter, whichever occurs later. On the date the Fund is terminated, all investments of amounts in the Fund must be liquidated by the Secretary and receipts of it deposited in the Fund and all funds remaining in the Fund must be deposited in the miscellaneous receipts account in the Treasury.

the actual law source: uscode.house.gov ↗public domain
(a) Establishment

There is established in the Treasury of the United States the Aleutian and Pribilof Islands Restitution Fund, which shall be administered by the Secretary. The Fund shall consist of amounts appropriated to it pursuant to this subchapter.

(b) Report

The Secretary shall report to the Congress, not later than 60 days after the end of each fiscal year, on the financial condition of the Fund, and the results of operations of the Fund, during the preceding fiscal year and on the expected financial condition and operations of the Fund during the current fiscal year.

(c) Investment

Amounts in the Fund shall be invested in accordance with section 9702 of title 31.

(d) Termination

The Secretary shall terminate the Fund 3 years after August 10, 1988, or 1 year following disbursement of all payments from the Fund, as authorized by this subchapter, whichever occurs later. On the date the Fund is terminated, all investments of amounts in the Fund shall be liquidated by the Secretary and receipts thereof deposited in the Fund and all funds remaining in the Fund shall be deposited in the miscellaneous receipts account in the Treasury.

Source credit: (Pub. L. 100–383, title II, § 203, Aug. 10, 1988, 102 Stat. 911.)

history & why it existsrecord from the source credit
  • 1988Enacted · Pub. L. 100-383 · 102 Stat. 911

A history note hasn’t been published yet. The record shows enactment by Pub. L. 100-383 on 1988-08-10.

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