Page:United States Statutes at Large Volume 78.djvu/1155

 78 STAT. ]

PUBLIC LAW 88-666-OCT. 16, 1964

"APPROPRIATIONS AND VESTING AND LIQUIDATION OF CUBAN PROPERTY

"SEC. 511. (a) There are hereby authorized to be appropriated such sums, not to exceed the aggregate amount of the net proceeds realized from the sale or liquidation of the property of the Government of Cuba pursuant to subsection (b) oi this section, as may be necessary to enable the Commission and the Treasury Department to pay administrative expenses incurred in carrying out their functions under this title. "(b) Any property of the Government of Cuba which was blocked in accordance with the Cuban assets control regulations, July 8, 1963 (31 C.F.K., part 515, et seq.), and which remains so blocked six months following the date of enactment of this title shall vest in such officer or agency as the President may from time to time designate upon such terms as the President or his designee shall direct. Such property shall be sold or otherwise liquidated as expeditiously as possible after vesting under such rules and regulations as the President or his designee may prescribe. So much of the net proceeds remaining upon completion of the liquidation thereof as may be necessary shall be used to reimburse the Government of the United States for expenses incurred by the Commission and by the Treasury Department m the administration of this title. Any proceeds remaining thereafter shall be covered into the Treasury to the credit of miscellaneous receipts. u FEES FOR SERVICES

"SEC. 512. No remuneration on account of any services rendered on behalf of any claimant in connection with any claim filed with the Commission under this title shall exceed 10 per centum of so much of the total amount of such claim, as determined under this title, as does not exceed $20,000, plus 5 per centum of so much of such amount, if any, as exceeds $20,000. Any agreement to the contrary shall be unlawful and void. Whoever, in the United States or elsewhere, demands or receives on account of services so rendered, any remuneration in excess of the maximum permitted by this section, snail be fined not more than $5,000 or imprisoned not more than twelve months, or both. "SEPARABILITY

"SEC. 513. I f any provision of this Act, or the application thereof to any person or circumstances, shall be held invalid, the remainder of the Act, or the application of such provision to other persons or circumstances, shall not be affected." Approved October 16, 1964.

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