22-U.S.C.-1644H
§1644H – Certification of Amounts; Priority of Payments
Pathway
Title 22 > Chapter 21 > Subchapter VI > Section 1644h
Details
- Reference: Section 1644h
- Legend: §1644H – Certification of Amounts; Priority of Payments
- USCode Year: 2013
Provision Content
(a) The Commission shall certify to the Secretary of the Treasury, in terms of United States currency, each award made pursuant to section 1644b of this title.
(b) Upon certification of such award, the Secretary of the Treasury is authorized and directed, out of the sums covered into the Claims Fund, to make payments on account of such awards as follows, and in the following order of priority:
(1) payment in full of the principal amount of each award of $1,000 or less;
(2) payment in the amount of $1,000 on account of the principal amount of each award of more than $1,000 in principal amount;
(3) 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 fund available for distribution at the time such payments are made;
(4) after payment has been made in full of the principal amounts of all awards, pro rata payments may be made on account of any interest that may be allowed on such awards;
(5) payments or applications for payments shall be made in accordance with such regulations as the Secretary of the Treasury may prescribe.
(Mar. 10, 1950, ch. 54, title VI, §608, as added Pub. L. 94–542, Oct. 18, 1976, 90 Stat. 2511.)
U.S. Encyclopedia of Law Coverage
22-U.S.C.-1643M in the Legal Encyclopedia: Foreign Relations
In this entry about 22-U.S.C.-1643M, find legal reference material, bibliographies and premiere content related to foreign relations in the American Encyclopedia of Law, presenting a comprehensive view of the United States foreign relations-specific issues, written by authorities in the field.
22-U.S.C.-1643L in the Legal Encyclopedia: Settlement
In this entry about 22-U.S.C.-1643L, find legal reference material, bibliographies and premiere content related to settlement in the American Encyclopedia of Law, presenting a comprehensive view of the United States settlement-specific issues, written by authorities in the field.
22-U.S.C.-1643I in the Legal Encyclopedia: International Claims
In this entry about 22-U.S.C.-1643I, find legal reference material, bibliographies and premiere content related to international claims in the American Encyclopedia of Law, presenting a comprehensive view of the United States international claims-specific issues, written by authorities in the field.
Leave a Reply