(a)The Commission shall certify to the Secretary of the Treasury, in terms of United States currency, each award made pursuant to section
1644b of this title.
(b)Upon certification of such award, the Secretary of the Treasury is authorized and directed, out of the sums covered into the Claims Fund, to make payments on account of such awards as follows, and in the following order of priority:
(1)payment in full of the principal amount of each award of $1,000 or less;
(2)payment in the amount of $1,000 on account of the principal amount of each award of more than $1,000 in principal amount;
(3)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 fund available for distribution at the time such payments are made;
(4)after payment has been made in full of the principal amounts of all awards, pro rata payments may be made on account of any interest that may be allowed on such awards;
(5)payments or applications for payments shall be made in accordance with such regulations as the Secretary of the Treasury may prescribe.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
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Description of Change
Statutes at Large
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