2013 US Code
Title 22 - Foreign Relations and Intercourse
Chapter 21 - SETTLEMENT OF INTERNATIONAL CLAIMS (§§ 1621 - 1645o)
Subchapter VII - CLAIMS AGAINST VIETNAM (§§ 1645 - 1645o)
Section 1645i - Award payment procedures
| Publication Title | United States Code, 2012 Edition, Supplement 1, Title 22 - FOREIGN RELATIONS AND INTERCOURSE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 22 - FOREIGN RELATIONS AND INTERCOURSE CHAPTER 21 - SETTLEMENT OF INTERNATIONAL CLAIMS SUBCHAPTER VII - CLAIMS AGAINST VIETNAM Sec. 1645i - Award payment procedures |
| Contains | section 1645i |
| Date | 2013 |
| Laws in Effect as of Date | January 16, 2014 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Mar. 10, 1950, ch. 54, title VII, §710, as added Pub. L. 96-606, Dec. 28, 1980, 94 Stat. 3537. |
| Statutes at Large Reference | 94 Stat. 3537 |
| Public Law Reference | Public Law 96-606 |
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The Commission shall certify to the Secretary of the Treasury, in terms of United States currency, each award made pursuant to section 1645b of this title.
(b) Priority of payments(1) Upon certification of each award made pursuant to section 1645b of this title, the Secretary of the Treasury shall, out of the sums covered into the Claims Fund, make payments on account of such awards as follows, and in the following order of priority:
(A) Payment in the amount of $2,500 or the principal amount of the award, whichever is less.
(B) Thereafter, payments from time to time, in ratable proportions, on account of the unpaid balance of the principal amounts of all awards according to the proportions which the unpaid balance of such awards bear to the total amount in the Claims Fund available for distribution at the time such payments are made.
(2) After payment has been made in full of the principal amounts of all awards pursuant to paragraph (1), pro rata payments may be made on account of any interest that may be allowed on such awards.
(c) RegulationsPayments or applications for payments under subsection (b) of this section shall be made in accordance with such regulations as the Secretary of the Treasury may prescribe.
(Mar. 10, 1950, ch. 54, title VII, §710, as added Pub. L. 96–606, Dec. 28, 1980, 94 Stat. 3537.)
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