§ 1645i. — Award payment procedures.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC1645i]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 21--SETTLEMENT OF INTERNATIONAL CLAIMS
SUBCHAPTER VII--CLAIMS AGAINST VIETNAM
Sec. 1645i. Award payment procedures
(a) Certification of amounts
The Commission shall certify to the Secretary of the Treasury, in
terms of United States currency, each award made pursuant to section
1645b of this title.
(b) Priority of payments
(1) Upon certification of each award made pursuant to section 1645b
of this title, the Secretary of the Treasury shall, out of the sums
covered into the Claims Fund, make payments on account of such awards as
follows, and in the following order of priority:
(A) Payment in the amount of $2,500 or the principal amount of
the award, whichever is less.
(B) 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 Claims Fund
available for distribution at the time such payments are made.
(2) After payment has been made in full of the principal amounts of
all awards pursuant to paragraph (1), pro rata payments may be made on
account of any interest that may be allowed on such awards.
(c) Regulations
Payments or applications for payments under subsection (b) of this
section shall be made in accordance with such regulations as the
Secretary of the Treasury may prescribe.
(Mar. 10, 1950, ch. 54, title VII, Sec. 710, as added Pub. L. 96-606,
Dec. 28, 1980, 94 Stat. 3537.)
