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U.S Code last checked for updates: Nov 22, 2024
All Titles
Title 22
Chapter 21
Subchapter II
§ 1631k. Taxes...
§ 1631m. Lien, attachment, garni...
§ 1631k. Taxes...
§ 1631m. Lien, attachment, garni...
U.S. Code
§ 1631l.
Determination of expenses and time for filing suit, notice of claim and debt claim
Prior to covering the net proceeds of liquidation of any property into the Treasury pursuant to
section 1631a(a) of this title
, the designee of the President under this subchapter shall determine—
(1)
the amount of his administrative expenses attributable to the performance of his functions under this subchapter with respect to such property and the proceeds thereof. The amount so determined, together with an amount not exceeding that expended or incurred for the conservation, preservation, or maintenance of such property and the proceeds thereof, and for taxes in respect of same, shall be deducted and retained by the designee from the proceeds otherwise covered into the Treasury; and
(2)
that the time for the institution of a suit under
section 1631f(a) of this title
, for the filing of a notice of claim under
section 1631f(b) of this title
, and for the filing of debt claims under
section 1631g of this title
has elapsed.
The determinations of the designee under this section shall be final and conclusive.
(
Mar. 10, 1950, ch. 54
, title II, § 213, as added
Aug. 9, 1955, ch. 645, § 3
,
69 Stat. 570
.)
cite as:
22 USC 1631l
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