22 U.S.C. § 1644g — Claims Fund; establishment; deductions
submitted 76 years ago by Pub. L. 94-542 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 122 words · no verdicts yet
The Secretary of the Treasury may establish the Claims Fund to pay unsatisfied claims authorized by this subchapter. The Secretary must deduct 5 percent of amounts deposited into the fund to reimburse United States administrative expenses and must dispose of those deducted amounts as the section provides.
(a) The Secretary of the Treasury is by this section authorized to establish in the Treasury of the United States a fund to be designated the Claims Fund as defined under section 1644a(5) of this title for the payment of unsatisfied claims of nationals of the United States against the German Democratic Republic* as authorized in this subchapter.
(b) The Secretary of the Treasury must deduct from any amounts covered into the Claims Fund, an amount equal to 5 percent thereof as reimbursement to the Government of the United States for expenses incurred by the Commission* and by the Treasury Department in the administration of this subchapter. The amounts so deducted must be covered into the Treasury to the credit of miscellaneous receipts.
The Secretary of the Treasury is hereby authorized to establish in the Treasury of the United States a fund to be designated the Claims Fund as defined under section 1644a(5) of this title for the payment of unsatisfied claims of nationals of the United States against the German Democratic Republic* as authorized in this subchapter.
The Secretary of the Treasury shall deduct from any amounts covered into the Claims Fund, an amount equal to 5 per centum thereof as reimbursement to the Government of the United States for expenses incurred by the Commission* and by the Treasury Department in the administration of this subchapter. The amounts so deducted shall be covered into the Treasury to the credit of miscellaneous receipts.
Source credit: (Mar. 10, 1950, ch. 54, title VI, § 607, as added Pub. L. 94–542, Oct. 18, 1976, 90 Stat. 2511.)
- 1950Enacted · Pub. L. 94-542 · 90 Stat. 2511
A history note hasn’t been published yet. The record shows enactment by Pub. L. 94-542 on 1950-03-10.
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