2011 US Code
Title 31 - Money and Finance
Subtitle III - FINANCIAL MANAGEMENT (§§ 3101 - 3907)
Chapter 33 - DEPOSITING, KEEPING, AND PAYING MONEY (§§ 3301 - 3343)
Subchapter II - PAYMENTS (§§ 3321 - 3336)
Section 3334 - Cancellation and proceeds distribution of Treasury checks
View MetadataPublication Title | United States Code, 2006 Edition, Supplement 5, 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 III - FINANCIAL MANAGEMENT CHAPTER 33 - DEPOSITING, KEEPING, AND PAYING MONEY SUBCHAPTER II - PAYMENTS Sec. 3334 - Cancellation and proceeds distribution of Treasury checks |
Contains | section 3334 |
Date | 2011 |
Laws in Effect as of Date | January 3, 2012 |
Positive Law | Yes |
Disposition | standard |
Source Credit | Added Pub. L. 100-86, title X, §1003, Aug. 10, 1987, 101 Stat. 658. |
Statutes at Large Reference | 101 Stat. 658 |
Public Law References | Public Law 100-86 |
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(a)
(2) Such checks shall be canceled by the Secretary and the proceeds thereof shall be returned to the agency concerned and credited to the appropriation or fund account initially charged for the payment.
(b)
(2) The proceeds from checks canceled pursuant to paragraph (1) shall be applied to eliminate the balances in accounts that represent uncollectible accounts receivable and other costs associated with the payment of checks and check claims by the Department of the Treasury on behalf of all payment certifying agencies. Any remaining proceeds shall be deposited to the miscellaneous receipts of the Treasury.
(c)
(Added Pub. L. 100–86, title X, §1003, Aug. 10, 1987, 101 Stat. 658.)
References in TextSuch effective date, and the effective date of this section, referred to in subsecs. (a)(1) and (b)(1), is 6 months after Aug. 10, 1987, or on such later date as the Secretary of the Treasury may prescribe in regulations. See Effective Date note below.
Effective DateSection effective 6 months after Aug. 10, 1987, or on such later date as the Secretary of the Treasury may prescribe in regulations, see section 1006 of Pub. L. 100–86, set out as an Effective Date of 1987 Amendment note under section 3328 of this title.
RegulationsFor provision permitting Secretary of the Treasury to prescribe rules, regulations, and procedures as necessary to implement this section, including recertification of Treasury checks which have been canceled or for which a claim has been asserted or barred, see section 1005 of Pub. L. 100–86, set out as a note under section 3328 of this title.
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