View all text of Subchapter IV [§ 1642 - § 1642p]
§ 1642l. Payment of awards
(a) Manner of payment
The Secretary of the Treasury is authorized and directed, out of the sums covered into the Czechoslovakian Claims Fund, to make payments on account of awards certified by the Commission pursuant to this subchapter as follows and in the following order of priority:
(1) Payment in the amount of $1,000 or in the amount of the award, whichever is less.
(2) Thereafter, payments from time to time on account of the unpaid balance of each remaining award made pursuant to this subchapter which shall bear to such unpaid balance the same proportion as the total amount in the fund available for distribution at the time such payments are made bears to the aggregate unpaid balance of all such awards.
(b) Regulations
(c) “Award” defined
(d) Payment of interest of deceased persons or persons under legal disability
(e) Partial payments
(Mar. 10, 1950, ch. 54, title IV, § 413, as added Pub. L. 85–604, § 1, Aug. 8, 1958, 72 Stat. 530.)