Page:United States Statutes at Large Volume 67.djvu/627

 67

STAT.]

591

PUBLIC LAW 283-AUG. 15, 1953

of the Interior is authorized and directed to convey by quitclaim deed to the State of Oklahoma, at a fair value as determined by him, which in no event shall be less than the cost to the Government of acquiring such areas, all right, title, and interest of the United States in and to the following-described land situated in the counties of Greer and Kiowa, State of Oklahoma, for public park and recreational purposes only. The west half of the northwest quarter of the southwest quarter, the west half of the western half of the southwest quarter of the southwest quarter, the southwest quarter of the southeast quarter of the southwest quarter of the southwest quarter, and the east half of the eastern half of the southwest quarter of the southwest quarter of section 15, township 5 north, range 20 west, of the Indian base meridian, containing forty-two and five-tenths acres, more or less, in Greer County. The east half of the southeast quarter of the southeast quarter of the northwest quarter, the southeast quarter of the northeast quarter of the southeast quarter of the northwest quarter, the west half of the southwest quarter of the southwest quarter of the northeast quarter and the southwest quarter of the northwest quarter of the southwest quarter of the northeast quarter of section 22, township 5 north, range 20 west, of the Indian base meridian, containing fifteen acres, more or less, in Greer County. The east half of the southwest quarter of the southwest quarter and the southwest quarter of the southeast quarter of the southwest quarter of section 26, township 5 north, range 20 west, of the Indian base meridian, containing thirty acres, more or less, in Kiowa County. Approved August 15, 1953. Public Law 283

CHAPTER 508 AN ACT

To amend section 3250(1)(5) of the Internal Revenue Code to provide that a person entitled to drawback with respect to certain nonbeverage products may elect to receive such drawback on a monthly instead of a quarterly basis.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the last two sentences of section 3250(1)(5) of the Internal Revenue Code are hereby amended to read as follows: "Such drawback shall be due and payable quarterly upon filing of a proper claim with the Secretary; except that, where any person entitled to such drawback shall elect in writing to file monthly claims therefor, such drawback shall be due and payable monthly upon filing of a proper claim with the Secretary: Provided, however, That the Secretary may require persons electing to file monthly drawback claims to file with him a bond or other security in such amount and with such conditions as he shall by regulations prescribe. Any such election may be revoked upon filing of notice thereof with the Secretary. No claim under this subsection shall be allowed unless filed with the Secretary within the three months next succeeding the quarter in which the distilled spirits covered by the claim were used as provided in this subsection." SEC, 2. The amendment made by the first section of this Act shall apply only with respect to claims for drawback w4th respect to distilled spirits which, on or after the first day of the first quarter after the quarter in which this Act is enacted, are used in the manufacture or production of nonbeverage products. Approved August 15, 1953.

August 15, 1953 [H. R. 4 9 8 0 ]

N o n b e V e r ag e products. Drawback. 65 Stat. 528. 26 USC 3250 (l) (5). '

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