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2018 US Code
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
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| 31 U.S.C. § 3714 (2018) | ||||||
| §3714. Keeping money due States in default | ||||||
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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. |
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(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 972.) |
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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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| United States Code, 2018 Edition, Title 31 - MONEY AND FINANCE | ||||||
| Bills and Statutes | ||||||
| United States Code | ||||||
| Y 1.2/5: | ||||||
| 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 |
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| section 3714 | ||||||
| 2018 | ||||||
| January 14, 2019 | ||||||
| Yes | ||||||
| standard | ||||||
| 96 Stat. 972 | ||||||
| Public Law 97-258 |
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