ProvidedFrom and after payment of the above accrued taxes said 25 per centum shall be accredited annually to the general fund in the Treasury of the United States until all reimbursable charges against the Oregon and California land-grant fund owing to the general fund in the Treasury have been paid: , That if for any year after the extinguishment of the tax indebtedness accruing to the counties prior to , under the provisions of Forty-fourth Statutes, page 915, the total amount payable under subsection (a) of this section is less than 78 per centum of the aggregate amount of tax claims which accrued to said counties under said Act for the year 1934, there shall be additionally payable for such year such portion of said 25 per centum (but not in excess of three-fifths of said 25 per centum), as may be necessary to make up the deficiency. When the general fund in the Treasury has been fully reimbursed for the expenditures which were made charges against the Oregon and California land-grant fund said 25 per centum shall be paid annually, on or after September 30, to the several counties in the manner provided in subsection (a) hereof.
Twenty-five per centum to said counties as money in lieu of taxes accrued or which shall accrue to them prior to , under the provisions of the Act of (), and which taxes are unpaid on said date, such moneys to be paid to said counties severally by the Secretary of the Treasury of the United States, upon certification by the Secretary of the Interior, until such tax indebtedness as shall have accrued prior to , is extinguished.Aug. 28, 1937, ch. 87650 Stat. 875June 24, 1954, ch. 357, § 1(b)68 Stat. 271Pub. L. 94–273, § 2(28)90 Stat. 376(, title II, ; , ; , , .)
Editorial Notes
References in Text
act June 9, 1916, ch. 13739 Stat. 218Act of , referred to in subsec. (a), is , , which is not classified to the Code.
44 Stat. 915act July 13, 1926, ch. 89744 Stat. 915Act of (), Forty-fourth Statutes, page 915, and said Act, referred to in subsec. (b), mean , , which is not classified to the Code.
act Aug. 28, 1937, ch. 87650 Stat. 874This subchapter, referred to in subsec. (c), was in the original “this Act”, meaning , , which is classified principally to this subchapter. For complete classification of this Act to the Code, see Tables.
Codification
section 1181f of this titleSection was formerly classified to prior to editorial reclassification and renumbering as this section.
section 2601 of this titleSection comprises all of title II of act , except the last par. which is set out as a Repeals note under .
Amendments
Pub. L. 94–2731976—Subsec. (b). substituted “September” for “June”.
1954—Subsec. (a). Act , inserted proviso relating to determination of assessment.