2014 US Code
Title 31 - Money and Finance (Sections 101 - 9704)
Subtitle II - The Budget Process (Sections 1101 - 1558)
Chapter 13 - Appropriations (Sections 1301 - 1354)
Subchapter I - General (Sections 1301 - 1310)
Sec. 1306 - Use of foreign credits
| Publication Title | United States Code, 2012 Edition, Supplement 2, Title 31 - MONEY AND FINANCE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 31 - MONEY AND FINANCE SUBTITLE II - THE BUDGET PROCESS CHAPTER 13 - APPROPRIATIONS SUBCHAPTER I - GENERAL Sec. 1306 - Use of foreign credits |
| Contains | section 1306 |
| Date | 2014 |
| Laws In Effect As Of Date | January 5, 2015 |
| Positive Law | Yes |
| Disposition | standard |
| Source Credit | Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 918; Pub. L. 104-208, div. A, title I, §101(f) [title VI, §612(a)], Sept. 30, 1996, 110 Stat. 3009-314, 3009-355. |
| Statutes at Large References | 66 Stat. 662 96 Stat. 918 103 Stat. 1251 104 Stat. 2041 106 Stat. 1680 110 Stat. 3009-314 |
| Public and Private Laws | Public Law 97-258, Public Law 101-167, Public Law 101-513, Public Law 102-391, Public Law 104-208 |
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(a) In General.—Foreign credits (including currencies) owed to or owned by the United States may be used by any agency for any purpose for which appropriations are made for the agency for the current fiscal year (including the carrying out of Acts requiring or authorizing the use of such credits), but only when reimbursement therefor is made to the Treasury from applicable appropriations of the agency.
(b) Exception to Reimbursement Requirement.—Credits described in subsection (a) that are received as exchanged allowances, or as the proceeds of the sale of personal property, may be used in whole or partial payment for the acquisition of similar items, to the extent and in the manner authorized by law, without reimbursement to the Treasury.
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 918; Pub. L. 104–208, div. A, title I, §101(f) [title VI, §612(a)], Sept. 30, 1996, 110 Stat. 3009–314, 3009–355.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 1306 | 31:724. | July 15, 1952, ch. 758, §1415, 66 Stat. 662. |
The words "are not available for expenditure by agencies except as provided annually in general appropriation laws" are substituted for "will not be available for expenditure by agencies of the United States after June 30, 1953, except as may be provided for annually in appropriation Acts" because of section 101 of the revised title.
AMENDMENTS1996—Pub. L. 104–208 reenacted section catchline without change and amended text generally. Prior to amendment, text read as follows: "Foreign credits owed to or owned by the Treasury are not available for expenditure by agencies except as provided annually in general appropriation laws."
EFFECTIVE DATE OF 1996 AMENDMENTPub. L. 104–208, div. A, title I, §101(f) [title VI, §612(b)], Sept. 30, 1996, 110 Stat. 3009–314, 3009–356, provided that: "The amendment made by this section [amending this section] shall take effect on the date of the enactment of this Act [Sept. 30, 1996] and shall apply thereafter."
APPROPRIATIONS OF EXCESS CURRENCIESPub. L. 102–391, title V, §566, Oct. 6, 1992, 106 Stat. 1680, provided that: "The provisions of section 1306 of title 31, United States Code, shall not be waived to carry out the provisions of the Foreign Assistance Act of 1961 [22 U.S.C. 2151 et seq.] by any provision of law enacted after the date of enactment of this Act [Oct. 6, 1992] unless such provision makes specific reference to this section."
Similar provisions were contained in the following prior appropriations acts:
Pub. L. 101–513, title V, §570, Nov. 5, 1990, 104 Stat. 2041.
Pub. L. 101–167, title V, §583, Nov. 21, 1989, 103 Stat. 1251.
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