20 U.S.C. § 225 : US Code - Section 225: Fund for education of Iranian students in United States

Search 20 U.S.C. § 225 : US Code - Section 225: Fund for education of Iranian students in United States

There is authorized to be appropriated, out of any funds in the
Treasury of the United States not otherwise appropriated, the sum
of $110,000, which sum shall be expended by the Secretary of State
in his discretion for the education of Iranian students in the
United States, in accordance with the obligation of the United
States arising out of the agreement contained in an exchange of
notes between this Government and the Iranian Government of July
25, July 29, November 9, and November 15, 1924, which agreement
settled a claim asserted by the United States.
The said sum of $110,000 shall be deemed a trust fund received by
the Secretary of State under the provisions of section 2668a of
title 22, and shall be expended as therein provided. The said sum
shall be deemed to constitute the fund of $110,000 received by the
United States from the Iranian Government in four installments
between December 24, 1924, and March 29, 1925, pursuant to the
afore-mentioned notes, and deposited in the Treasury of the United
States on June 24, 1925, which fund shall be deemed, insofar as the
same may be necessary, to have been heretofore appropriated as a
trust fund under section 2668a of title 22 and sections 1321 and
1322(a) of title 31. The Secretary of the Treasury shall make
payments out of the said fund to or for the account of such
persons, in such amounts, at such times, and on such terms, as the
Secretary of State or his designee shall certify and the
certificates of the Secretary of State or his designee issued
hereunder shall be conclusive as to the propriety of payments so
made. The expenditure of the said sum by the United States shall
constitute full performance of the obligation of the United States
to the Iranian Government or any other person arising out of the
said notes and shall discharge the Secretary of State and the
Secretary of the Treasury with respect to any accountability
therefor.