§ 1644g. Claims Fund; establishment; deductions

142 words·~1 min read·/usc/title-22/section-1644g

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(a)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.

(b)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.

(Mar. 10, 1950, ch. 54, title VI, § 607, as added Pub. L. 94–542, Oct. 18, 1976, 90 Stat. 2511.)

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Public Law 94–542
To amend the International Claims Settlement Act of 1849 to provide for the determination of the validity and amounts of claims of nationals of the United States against the German Democratic Republic

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U.S. Code

Definitions
§ 1644a

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Mar. 10, 1950, ch. 54
Pub. L. 94–542
90 Stat. 2511

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§ 1644g

Claims Fund; establishment; deductions

Stat.×1

U.S.C.§ 1644a

ActMar. 10, 1950, ch. 54

Pub. L.Pub. L. 94–542

Stat.90 Stat. 2511

Cites 4Cited by 1 across 1 source