Opinion ID: 771571
Heading Depth: 3
Heading Rank: 1

Heading: The Settlement Funds

Text: 12 The Austrian Banks shall fund a Humanitarian Fund in the sum of $30 million to be disbursed in installments, with $15 million to be disbursed within 20 days of the settlement's effective date 2 and the remaining $15 million within one year after the prior payment. The Humanitarian Fund shall be used to pay Allowed Claims. 3 By a July 28, 1999 order, Judge Kram appointed the following three members to the Humanitarian Fund committee to administer the fund: (1) Simon Wiesenthal; (2)Miriam M. Robinson, Esq.; and (3) Rabbi Gilbert S. Rosenthal. 13 The Austrian Banks shall also pay $10 million as an Administrative and Interim Allowed Claim Fund payable within twenty days after the execution of the agreement. This fund will be used to pay administrative costs, to pay Interim Allowed Claims, and to fund a Historical Commission.