
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 22USC1641i]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
             CHAPTER 21--SETTLEMENT OF INTERNATIONAL CLAIMS
 
 SUBCHAPTER III--CLAIMS AGAINST BULGARIA, HUNGARY, RUMANIA, ITALY, AND 
                            THE SOVIET UNION
 
Sec. 1641i. Payment of awards


(a) Manner of payment

    The Secretary of the Treasury shall make payments on account of 
awards certified by the Commission pursuant to this subchapter as 
follows:
        (1) Payment in full of the principal amount of each award made 
    pursuant to section 1641d(a)(1) of this title and each award of 
    $1,000 or less made pursuant to section 1641b or 1641c of this 
    title;
        (2) Payment in full of the principal amount of each award of 
    $1,000 or less made pursuant to section 1641d(a)(2) of this title;
        (3) Payment in the amount of $1,000 on account of the principal 
    of each award of more than $1,000 in amount made pursuant to section 
    1641b, 1641c, or 1641d(a)(2) of this title;
        (4) After completing the payments under the preceding paragraphs 
    of this subsection from any one fund, payments from time to time, in 
    ratable proportions, on account of the then unpaid principal of all 
    awards in the principal amount of more than $1,000, according to the 
    proportions which the unpaid principal of such awards bear to the 
    total amount in the fund available for distribution on account of 
    such awards at the time such payments are made;
        (5) After payment has been made in full of the principal amounts 
    of all awards from any one fund, pro rata payments from the 
    remainder of such fund then available for distribution on account of 
    accrued interest on such awards as bear interest;
        (6) Whenever the Commission is authorized to settle claims by 
    the enactment of paragraph (4) of section 1641b of this title with 
    respect to Rumania and Bulgaria, no further payments shall be 
    authorized by the Secretary of the Treasury on account of awards 
    certified by the Commission pursuant to paragraph (1), (2), or (3) 
    of section 1641b of this title of the Bulgarian or Rumanian Claims 
    Funds, as the case may be, until payments on account of awards 
    certified pursuant to paragraph (4) of section 1641b of this title 
    with respect to such fund have been authorized in equal proportion 
    to payments previously authorized on existing awards certified 
    pursuant to paragraphs (1), (2), and (3) of section 1641b of this 
    title.
        (7)(A) Except as otherwise provided in subparagraph (D), 
    whenever the Commission is authorized to settle claims by enactment 
    of paragraph (5) of section 1641b of this title with respect to 
    Hungary, no further payments shall be authorized by the Secretary of 
    the Treasury on account of awards certified by the Commission under 
    paragraphs (2) and (3) of section 1641b of this title out of the 
    Hungarian Claims Fund until payments on account of awards certified 
    under paragraph (5) of section 1641b of this title with respect to 
    such fund have been authorized in equal proportions to payments 
    previously authorized on existing awards certified under paragraphs 
    (2) and (3) of section 1641b of this title.
        (B) Except as otherwise provided in subparagraph (D), with 
    respect to awards previously certified under paragraph (1) of 
    section 1641b of this title, the Secretary of the Treasury shall not 
    authorize any further payments until payments on account of awards 
    certified under paragraphs (2), (3), and (5) of section 1641b of 
    this title have been authorized in equal proportions to payments 
    previously authorized on existing awards certified under paragraph 
    (1) of section 1641b of this title.
        (C) Except as otherwise provided in subparagraph (D), the 
    Secretary of the Treasury shall not authorize any further payments 
    on account of awards certified under paragraph (3) of section 1641b 
    of this title based on Kingdom of Hungary bonds expressed in United 
    States dollars or upon awards to Standstill creditors of Hungary 
    that were the subject matter of the agreement of December 5, 1969, 
    between the Government of Hungary and the American Committee for 
    Standstill creditors of Hungary.
        (D) No payments shall be authorized by the Secretary of the 
    Treasury on account of awards certified by the Commission under 
    paragraph (5) of section 1641b of this title, and no further 
    payments shall be so authorized under paragraphs (1), (2), or (3) of 
    section 1641b of this title (except payments certified as the result 
    of claims filed under subsection (d) of section 1641e of this 
    title), until payments on account of awards certified under such 
    paragraphs (1), (2), and (3) as the result of a claims \1\ filed 
    under subsection (d) of section 1641e of this title have been 
    authorized in equal proportions to payments previously authorized on 
    existing awards certified under such paragraphs and arising out of 
    claims filed other than under such subsection (d).
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    \1\ So in original. Probably should be ``claim''.
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        (E) The Secretary of the Treasury is authorized and directed to 
    deduct the sum of $125,000 from the Hungarian Claims Fund and cover 
    such amount into the Treasury to the credit of miscellaneous 
    receipts in satisfaction of the claim of the United States referred 
    to in article 2, paragraph 4 of the United States-Hungarian Claims 
    Agreement of March 6, 1973. Such amount shall be deducted in annual 
    installments over the period during which the Government of Hungary 
    makes payments to the Government of the United States as provided in 
    article 4 of the agreement.

(b) Regulations

    Such payments, and applications for such payments, shall be made in 
accordance with such regulations as the Secretary of the Treasury shall 
prescribe.

(c) ``Award'' defined

    For the purposes of making any such payments, an ``award'' shall be 
deemed to mean the aggregate of all awards certified in favor of the 
same claimant and payable from the same fund.

(d) Consolidated award

    With respect to any claim which, at the time of the award, is vested 
in persons other than the person to whom the claim originally accrued, 
the Commission may issue a consolidated award in favor of all claimants 
then entitled thereto, which award shall indicate the respective 
interests of such claimants therein; and all such claimants shall 
participate, in proportion to their indicated interests, in the payments 
provided by this section in all respects as if the award had been in 
favor of a single person.

(Mar. 10, 1950, ch. 54, title III, Sec. 310, as added Aug. 9, 1955, ch. 
645, Sec. 3, 69 Stat. 573; amended Pub. L. 90-421, Sec. 1(13), July 24, 
1968, 82 Stat. 423; Pub. L. 93-460, Sec. 1(5), Oct. 20, 1974, 88 Stat. 
1386.)


                               Amendments

    1974--Subsec. (a)(7). Pub. L. 93-460 added par. (7).
    1968--Subsec. (a)(6). Pub. L. 90-421 added par. (6).

                  Section Referred to in Other Sections

    This section is referred to in sections 1641a, 1641c of this title; 
title 50 App. section 2017l.
