50 U.S.C. § 4234 — Appointment of Administrator

Page 1051 TITLE 50—WAR AND NATIONAL DEFENSE § 4235 1 So in original. Two subsecs. (c) have been enacted. (Pub. L. 100–383, title II, § 202, Aug. 10, 1988, 102 Stat. 911.) Editorial Notes CODIFICATION Section was formerly classified to section 1989c–1 of the former Appendix to this title prior to editorial re- classification and renumbering as this section. § 4233. Aleutian and Pribilof Islands Restitution Fund (a) Establishment There is established in the Treasury of the United States the Aleutian and Pribilof Islands Restitution Fund, which shall be administered by the Secretary. The Fund shall consist of amounts appropriated to it pursuant to this sub- chapter. (b) Report The Secretary shall report to the Congress, not later than 60 days after the end of each fis- cal year, on the financial condition of the Fund, and the results of operations of the Fund, during the preceding fiscal year and on the expected fi- nancial condition and operations of the Fund during the current fiscal year. (c) Investment Amounts in the Fund shall be invested in ac- cordance with section 9702 of title 31. (d) Termination The Secretary shall terminate the Fund 3 years after August 10, 1988, or 1 year following disbursement of all payments from the Fund, as authorized by this subchapter, whichever occurs later. On the date the Fund is terminated, all in- vestments of amounts in the Fund shall be liq- uidated by the Secretary and receipts thereof deposited in the Fund and all funds remaining in the Fund shall be deposited in the miscellaneous receipts account in the Treasury. (Pub. L. 100–383, title II, § 203, Aug. 10, 1988, 102 Stat. 911.) Editorial Notes CODIFICATION Section was formerly classified to section 1989c–2 of the former Appendix to this title prior to editorial re- classification and renumbering as this section. Statutory Notes and Related Subsidiaries REESTABLISHMENT OF FUND; USE OF FUNDS For provisions that the Fund, if terminated pursuant to subsec. (d) of this section, is to be reestablished upon appropriation of additional funds, and restricting use of appropriated funds, see section 1(b), (c), of Pub. L. 103–402, set out as a note under section 4235 of this title. § 4234. Appointment of Administrator As soon as practicable after August 10, 1988, the Secretary shall offer to undertake negotia- tions with the Association, leading to the execu- tion of an agreement with the Association to serve as Administrator under this subchapter. The Secretary may appoint the Association as Administrator if such agreement is reached within 90 days after August 10, 1988. If no such agreement is reached within such period, the Secretary shall appoint another person as Ad- ministrator under this subchapter, after con- sultation with leaders of affected Aleut villages and the Corporation. (Pub. L. 100–383, title II, § 204, Aug. 10, 1988, 102 Stat. 912.) Editorial Notes CODIFICATION Section was formerly classified to section 1989c–3 of the former Appendix to this title prior to editorial re- classification and renumbering as this section. § 4235. Compensation for community losses (a) In general Subject to the availability of funds appro- priated to the Fund, the Secretary shall make payments from the Fund, in accordance with this section, as restitution for certain Aleut losses sustained in World War II. (b) Trust (1) Establishment The Secretary shall, subject to the avail- ability of funds appropriated for this purpose, establish a trust for the purposes set forth in this section. Such trust shall be established pursuant to the laws of the State of Alaska, and shall be maintained and operated by not more than seven trustees, as designated by the Secretary. Each affected Aleut village may submit to the Administrator a list of three prospective trustees. The Secretary, after con- sultation with the Administrator, affected Aleut villages, and the Corporation, shall des- ignate not more than seven trustees from such lists as submitted. (2) Administration of trust The trust established under this subsection shall be administered in a manner that is con- sistent with the laws of the State of Alaska, and as prescribed by the Secretary, after con- sultation with representatives of eligible Aleuts, the residents of affected Aleut vil- lages, and the Administrator. (c) 1 Accounts for benefit of Aleuts (1) In general The Secretary shall deposit in the trust such sums as may be appropriated for the purposes set forth in this subsection. The trustees shall maintain and operate 8 independent and sepa- rate accounts in the trust for purposes of this subsection, as follows: (A) One account for the independent ben- efit of the wartime Aleut residents of Attu and their descendants. (B) Six accounts for the benefit of the 6 surviving affected Aleut villages, one each for the independent benefit of Akutan, Atka, Nikolski, Saint George, Saint Paul, and Un- alaska, respectively. (C) One account for the independent ben- efit of those Aleuts who, as determined by the Secretary, upon the advice of the trust-