Page:United States Statutes at Large Volume 98 Part 3.djvu/615

 PUBLIC LAW 98-573—OCT. 30, 1984

98 STAT. 2987

if there is a substantial probability that the violations of these requirements are related to the smuggling of controlled substances. "(b)(1) Payment under paragraphs (3) and (4) of subsection (a) of this section shall not exceed the value of the property at the time of the seizure. "(2) Amounts under subsection (a) of this section shall be available, at the discretion of the Commissioner of Customs, to reimburse the applicable appropriation for expenses incurred by the Coast Guard for a purpose specified in such subsection. "(c) There shall be deposited in the fund during the period beginning on the date of the enactment of this section, and ending on September 30, 1987, all proceeds from forfeiture under any law enforced or administered by the United States Customs Service (after reimbursement of expenses under section 524 of this Act) and all earnings on amounts invested under subsection (d) of this section. "(d) Amounts in the fund which are not currently needed for the purposes of this section shall be invested in obligations of, or guaranteed by, the United States. "(e) Not later than four months after the end of each fiscal year, the (llommissioner of Customs shall transmit to the (ingress a report on receipts and disbursements with respect to the fund for such year. "(fKl) There are authorized to be appropriated from the fund for each of the four fiscal years beginning with fiscal year 1984, not more than $10,000,000. "(2) At the end of each of the first three of such four fiscal years, any amount in the fund in excess of $10,000,000 shall be deposited in the general fund of the Treasury. At the end of the last of such four fiscal years, any amount in the fund shall be deposited in the generad fund of the Treasury, and the fund shall cease to exist.". (12) Section 614 (19 U.S.C. 1614) is amended by inserting "aircraft," after "vehicle," each place it appears. (13) Section 615 (19 U.S.C. 1615) is amended— (A) in the matter before the proviso, by inserting "aircraft," after "vehicle," each place it appears; and (B) in paragraph (1) of the proviso, by striking out "vessel or vehicle" and inserting in lieu thereof "vessel, vehicle, or

19 USC 1524. Securities. Report.

Appropriation authorization.

(14) Part V of title IV (19 U.S.C. 1581 et seq.), as amended by paragraph (11), is further amended by adding after section 615 the following new section: "SEC. 616. TRANSFER OF FORFEITED PROPERTY.

"(a) The Secretary of the Treasury may discontinue forfeiture proceedings under this Act in favor of forfeiture under State law. If a complaint for forfeiture is filed under this Act, the Attorney General may seek dismissal of the complaint in favor of forfeiture under State law. "(b) If forfeiture proceedings are discontinued or dismissed under this section— "(1) the United States may transfer the seized property to the appropriate State or local official; and "(2) notice of the discontinuance or dismissal shall be provided to all known interested parties. "(c) The Secretary of the Treasury may transfer any property forfeited under this Act to any State or local law enforcement

19 USC 1616a.

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