Chapter LXXIX. authorizing the payment of interest to the state of Pennsylvania
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Chap. LXXIX.— An Act authorizing the payment of interest to the state of Pennsylvania. March 3, 1827. [Obsolete.] *Be it enacted by the Senate and House of Representatives of the United States of America, in Congress assembled, * Accounting officers of the Treasury Department to liquidate the claims of the state of Pennsylvania against the U. S. That the proper accounting officers of the Treasury Department be, and they are hereby, authorized and directed to liquidate and settle the claim of the state of Pennsylvania against the United States, for interest upon loans or moneys borrowed, and actually expended by her, for the use and benefit of the United States, during the late war with Great Britain.
NINETEENTH CONGRESS. Sess. II. Ch . 80, 91, 92. 1827. 241 Sec. 2. *And be it further enacted, *That, in ascertaining the amountRules, applicable to the case, when the amount of interest is ascertained.First. of interest, as aforesaid, due to the state of Pennsylvania, the following rules shall be understood as applicable to, and governing the case, to wit: First, that interest shall not be computed on any sum which Pennsylvania has not expended for the use and benefit of the United States, as evinced by the amount refunded or repaid to Pennsylvania by the United States.
Second, that no interest shall be paid on any sum on which she has notSecond.Third. paid interest. Third, that when the principal, or any part of it, has been paid or refunded by the United States, or money placed in the hands of Pennsylvania for that purpose, the interest on the sum or sums so paid or refunded, shall cease, and not be considered as chargeable to the United States any longer than up to the time of the re-payment, as aforesaid. Sec. 3. *And be it further enacted, *That the amount of interest, whenAmount of interest to be paid from the treasury. ascertained as aforesaid, shall be paid out of any money in the treasury not otherwise appropriated.
Approved, March 3, 1827.