
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 22USC1642a]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
             CHAPTER 21--SETTLEMENT OF INTERNATIONAL CLAIMS
 
              SUBCHAPTER IV--CLAIMS AGAINST CZECHOSLOVAKIA
 
Sec. 1642a. Financial provisions


(a) Deposit of proceeds of certain property

    The Secretary of the Treasury is directed to hold, in an account in 
the Treasury of the United States, the net proceeds of the sale of 
certain Czechoslovakian steel mill equipment heretofore blocked and sold 
in the United States by order of the Secretary of the Treasury under 
authority of Executive Order Numbered 9193, dated July 6, 1942 (7 F.R. 
5205, July 9, 1942).

(b) Creation of Czechoslovakian Claims Fund

    There is created in the Treasury of the United States a fund to be 
designated the Czechoslovakian Claims Fund, for the payment of 
unsatisfied claims of nationals of the United States against 
Czechoslovakia as authorized in this subchapter.

(c) Voluntary settlement and payment of claims of nationals of the 
        United States

    If, within one year following August 8, 1958, the Government of 
Czechoslovakia voluntarily settles with and pays to the Government of 
the United States a sum in payment of claims of United States nationals 
against Czechoslovakia, all moneys held pursuant to subsection (a) of 
this section shall be disposed of in accordance with the terms of the 
settlement agreement with Czechoslovakia and applicable provisions of 
this subchapter and the sum paid by Czechoslovakia shall be covered into 
the Czechoslovakian Claims Fund.

(d) Deposit of net proceeds into Fund

    Upon the expiration of one year after August 8, 1958 if no 
settlement with Czechoslovakia of the type specified in subsection (c) 
of this section has occurred, all moneys held pursuant to subsection (a) 
of this section except amounts held in reserve pursuant to section 1642b 
of this title, shall be covered into the Czechoslovakian Claims Fund.

(e) Deductions for expenses

    The Secretary of the Treasury shall deduct from the Czechoslovakian 
Claims Fund 5 per centum thereof as reimbursement to the Government of 
the United States for the expenses incurred by the Commission and by the 
Treasury Department in the administration of this subchapter. The amount 
so deducted shall be covered into the Treasury to the credit of 
miscellaneous receipts.

(f) Disposition of balance of Fund

    After the deduction for administrative expenses pursuant to 
subsection (e) of this section, and after payment of awards certified 
pursuant to section 1642i of this title, the balance remaining in the 
Fund, if any, shall be paid to Czechoslovakia in accordance with 
instructions to be provided by the Secretary of State.

(Mar. 10, 1950, ch. 54, title IV, Sec. 402, as added Pub. L. 85-604, 
Sec. 1, Aug. 8, 1958, 72 Stat. 527.)

                       References in Text

    Executive Order Numbered 9193, dated July 6, 1942 (7 F.R. 5205, July 
9, 1942), referred to in subsec. (a), is Ex. Ord. No. 9193, July 6, 
1942, 7 F.R. 5205, which amended Ex. Ord. No. 9095, formerly set out 
under section 6 of Title 50, Appendix, War and National Defense, which 
was revoked by Ex. Ord. No. 12553, Feb. 25, 1986, 51 F.R. 7237.

                  Section Referred to in Other Sections

    This section is referred to in section 1642b of this title.
