Shalqam also said that an agreement had been concluded in March between Libya and lawyers representing the victims of the bombing, whereby each of 270 families would receive $10 million in compensation. These would be paid in three instalments. The first, of $4 million, would be dispensed on the lifting of UN sanctions – suspended since 1999, when Tripoli handed over the bombing suspects to a Scottish court. A second instalment of the same size would be paid on the lifting of US sanctions, and the remainder would be paid when the US removes Libya from its list of states that sponsor terrorism. Washington has two sets of sanctions in place against Libya: the Iran Libya Sanctions Act (ILSA) penalises foreign firms investing in these countries while separate sanctions prevent US companies from investing. ILSA was renewed in 2001 for five years, while the national sanctions were extended for a year in January. The four conditions for their being lifted are that Libya renounces terrorism, accepts responsibility for Lockerbie, compensates the victims and shares any information gleaned from the involvement of Libyan agents in terrorist activities.