US Codex
U.S.C.
Notes

§1626. Payments — Inbound Citations

22 U.S.C. § 1626

Cited by 8 provisions in release 119-102.

Citations to 22 U.S.C. § 1626 as a whole

Citations to §1626(b)(1)

  • (c) The Secretary of the Treasury is authorized and directed out of the sums covered, prior to July 24, 1968, into any of the funds pursuant to subsection (b) of this section, and after making the deduction provided for in section 1626(b)(1) of this title
    (1) to make payments in full of the principal of awards of $1,000 or less, certified pursuant to section 1624 of this title;
    (2) to make payments of $1,000 on the principal of each award of more than $1,000 in principal amount, certified pursuant to section 1624 of this title;
    (3) to make additional payment of not to exceed 25 per centum of the unpaid principal of awards in the principal amount of more than $1,000;
    (4) after completing the payments prescribed by paragraphs (2) and (3) of this subsection, to make payments, from time to time in ratable proportions, on account of the 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 at the time such payments are made; and
    (5) after payment has been made of the principal amounts of all such awards, to make pro rata payments on account of accrued interest on such awards as bear interest.