2011 US Code
Title 31 - Money and Finance
Subtitle III - FINANCIAL MANAGEMENT (§§ 3101 - 3907)
Chapter 37 - CLAIMS (§§ 3701 - 3733)
Subchapter II - CLAIMS OF THE UNITED STATES GOVERNMENT (§§ 3711 - 3720E)
Section 3714 - Keeping money due States in default
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 37 - CLAIMS SUBCHAPTER II - CLAIMS OF THE UNITED STATES GOVERNMENT Sec. 3714 - Keeping money due States in default |
Contains | section 3714 |
Date | 2011 |
Laws in Effect as of Date | January 3, 2012 |
Positive Law | Yes |
Disposition | standard |
Source Credit | Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 972. |
Statutes at Large Reference | 96 Stat. 972 |
Public Law Reference | Public Law 97-258 |
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The Secretary of the Treasury shall keep the necessary amount of money the United States Government owes a State when the State defaults in paying principal or interest on investments in stocks or bonds the State issues or guarantees and that the Government holds in trust. The money shall be used to pay the principal or interest or reimburse, with interest, money the Government advanced for interest due on the stocks or bonds.
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 972.)
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
3714 | 31:207. | R.S. §3481. |
The word “amount” is substituted for “whole, or so much thereof” for clarity. The word “owes” is substituted for “due on any account from the . . . to” to eliminate unnecessary words. The words “or either” and “thereon” are omitted as surplus.
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