§ 1644h. — Certification of amounts; priority of payments.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC1644h]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 21--SETTLEMENT OF INTERNATIONAL CLAIMS
SUBCHAPTER VI--CLAIMS AGAINST GERMAN DEMOCRATIC REPUBLIC
Sec. 1644h. Certification of amounts; priority of payments
(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, Sec. 608, as added Pub. L. 94-542,
Oct. 18, 1976, 90 Stat. 2511.)
