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Title 50 — War and National DefenseRelease 119-73not60

§4233 Aleutian and Pribilof Islands Restitution Fund

Title 50 › Chapter 52— RESTITUTION FOR WORLD WAR II INTERNMENT OF JAPANESE-AMERICANS AND ALEUTS › Subchapter II— ALEUTIAN AND PRIBILOF ISLANDS RESTITUTION › § 4233

Last updated Apr 5, 2026|Official source

Summary

Creates the Aleutian and Pribilof Islands Restitution Fund in the U.S. Treasury. The fund holds money appropriated under this subchapter and is run by the Secretary. The Secretary must report to Congress within 60 days after each fiscal year ends about the fund’s past and expected finances. Money in the fund must be invested under section 9702 of title 31. The Secretary must close the fund either 3 years after August 10, 1988, or 1 year after all authorized payments are made, whichever is later. On that date the Secretary must sell any investments, put the proceeds into the fund, and send any money left to the Treasury’s miscellaneous receipts account.

Full Legal Text

Title 50, §4233

War and National Defense — Source: USLM XML via OLRC

(a)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 subchapter.
(b)The Secretary shall report to the Congress, not later than 60 days after the end of each fiscal 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 financial condition and operations of the Fund during the current fiscal year.
(c)Amounts in the Fund shall be invested in accordance with section 9702 of title 31.
(d)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 investments of amounts in the Fund shall be liquidated 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.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Codification Section was formerly classified to section 1989c–2 of the former Appendix to this title prior to editorial reclassification and renumbering as this section.

Statutory Notes and Related Subsidiaries

Reestablishment of Fund; Use of FundsFor 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.

Reference

Citations & Metadata

Citation

50 U.S.C. § 4233

Title 50 — War and National Defense

Last Updated

Apr 5, 2026

Release point: 119-73not60