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    "label": "[Tobacco][S. 1415 Further Modification of Commerce Committee Amendment] [5]",
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    "title": "[Tobacco][S. 1415 Further Modification of Commerce Committee Amendment] [5]",
    "citationUrl": "https://catalog.archives.gov/id/26413698",
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        "Records of the Domestic Policy Council (Clinton Administration)",
        "Bruce Reed's Tobacco Files"
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    "ocrText": "(i) hire appropriate staff;\n(ii) prepare the report of the Board of Directors of the Corporation required under subparagraph\n(A)(viii); and\n(iii) oversee Corporation functions, including verification of machines, administration and\ndisbursement of funds, maintenance of complete records, operation of appeals procedures, and\nother directed functions.\n(4) Compensation Fund\n-\n(A) Rules for disbursement of funds\n-\n(i) Payments to owners and operators The Corporation shall disburse funds to compensate the\nowners and operators of tobacco vending machines in accordance with the following:\n(I) The fair market value of each tobacco vending machine verified by the Corporation President\nin accordance with subparagraph (C), and proven to have been in operation before August 10,\n1995, shall be disbursed to the owner of the machine seeking compensation.\n(II) No compensation shall be made for a spiral glass front vending machine.\n(ii) Other payments Funds appropriated to the Corporation under subsection (d) may be used\nto pay the administrative costs of the Corporation that are necessary and proper or required by\nlaw. The total amount paid by the Corporation for administrative and overhead costs, including\naccounting fees, legal fees, consultant fees, and associated administrative costs shall not exceed 1\npercent of the total amount appropriated to the Corporation under subsection (d).\n(B) Verification of vending machines Verification of vending machines shall be based on\ncopies of official State vending licenses, company computerized or handwritten sales records, or\nphysical inspection by the Corporation President or by an inspection agent designated by the\nPresident. The Corporation President and the Board of Directors of the Corporation shall work\nvigorously to prevent and prosecute any fraudulent claims submitted for compensation.\n(C) Return of account funds not distributed to vendors The Corporation shall be dissolved on\nthe date that is 4 years after the date of enactment of this Act. Any funds not dispersed or\nallocated to claims pending as of that date shall be transferred to a public anti-smoking trust, or\nused for such other purposes as Congress may designate.\n(c) Settlement of Legal Claims Pending Against the United States Acceptance of a\ncompensation payment from the Corporation by a vending machine owner or operator shall settle\nall pending and future claims of the owner or operator against the United States that are based on,\nor related to, the ban of the use of tobacco vending machines imposed under this section and any\nother laws or regulations that limit the use of tobacco vending machines."
}