Sec. 3. Guam World War II Claims Fund
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The Secretary of the Treasury shall establish in the Treasury of the United States a special fund (in this Act referred to as the Claims Fund ) for the payment of claims submitted by compensable Guam victims and survivors of compensable Guam decedents in accordance with sections 4 and 5. The Claims Fund established under subsection
(a)shall be composed of amounts deposited into the Claims Fund under subsection (c). Notwithstanding section 30 of the Organic Act of Guam (48 U.S.C. 1421h), the excess of— any amount of duties, taxes, and fees collected under such section after fiscal year 2012, over the amount of duties, taxes, and fees collected under such section during fiscal year 2012, shall be deposited into the Claims Fund. Paragraph
(1)shall not apply after the date for which the Secretary of the Treasury determines that all payments required to be made under section 4 have been made. No payment may be made in a fiscal year under section 4 until funds are deposited into the Claims Fund in such fiscal year under subsection (c). For each fiscal year in which funds are deposited into the Claims Fund under subsection (c), the total amount of payments made in a fiscal year under section 4 may not exceed the amount of funds available in the Claims Fund for such fiscal year. The Secretary of the Treasury shall deduct from any amounts deposited into the Claims Fund an amount equal to 5 per cent of such amounts as reimbursement to the Federal Government for expenses incurred by the Foreign Claims Settlement Commission and by the Department of the Treasury in the administration of this Act. The amounts so deducted shall be covered into the Treasury as miscellaneous receipts.
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Sec. 3
Guam World War II Claims Fund
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