Only the first
person to manufacture and distribute or import and distribute such
medium shall be required to pay the royalty with respect to such medium.
Section 1005. Deposit of royalty payments and deduction of expenses [3]
The Register of Copyrights shall receive all royalty payments deposited
under this chapter and, after deducting the reasonable costs incurred by
the Copyright Office under this chapter, shall deposit the balance in
the Treasury of the United States as offsetting receipts, in such manner
as the Secretary of the Treasury directs. All funds held by the
Secretary of the Treasury shall be invested in interest-bearing United
States securities for later distribution with interest under section
1007. The Register may, in the Register's discretion, 4 years after the
close of any calendar year, close out the royalty payments account for
that calendar year, and may treat any funds remaining in such account
and any subsequent deposits that would otherwise be attributable to that
calendar year as attributable to the succeeding calendar year.
Section 1006. Entitlement to royalty payments [4]
(a) Interested Copyright Parties.
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