Post-war laws provided for the restitution of certain immovable property, but the laws were only partly satisfactory. To address inadequacies, and in accordance with provisions in the January 2001 U.S.-Austrian Washington Agreement referred to above, the Austrian government set up a General Settlement Fund in May 2001. The Fund included an arbitration panel on in rem restitution to restitute publicly owned property formerly owned by individuals or the Austrian Jewish community. The deadline for filing applications was 2011, and the panel finished processing applications in December 2018. In total, the Fund restituted property in some 140 cases, worth about €48 million (approximately $52.6 million).
The 2001 General Settlement Fund’s Claims Committee also addressed open questions of compensation (as opposed to restitution) for losses of assets that had not been sufficiently resolved by previous measures. In particular, it focused on real property, business assets, bank accounts, stocks, bonds, movable assets, insurance policies, occupational and educational losses, and other losses and damages. The deadline for filing applications was 2003. The Fund was endowed with approximately $210 million total and was required to make payments on a pro‑rata basis. The Fund’s Claims Committee received more than 20,000 applications, of which some 18,155 resulted in positive decisions. Overall, the independent Claims Committee recognized claims totaling approximately $1.5 billion. Since the total claimed amounts determined for all successful applications exceeded the $210 million provided for by the Washington Agreement, each applicant could receive only a defined fractional share of his or her claim. For insurance policies, successful applicants received about 20 percent of the value and for other claims, between 10 and 17 percent of the value. The panel finished processing applications in December 2018.
In accordance with the 2001 Washington Agreement, the City of Vienna also restituted the formerly Jewish-owned and operated Hakoah sports club facilities, expanding those facilities to create a Jewish center that included a school and a home for the elderly. The Austrian government also set up a Fund for Jewish Cemeteries in 2010, in accordance with the same agreement.
Regarding heirless property, the Austrian government provided compensation to Jewish organizations after the re-establishment of Austria’s sovereignty through the 1955 Austrian State Treaty.