2020 US Code
Title 31 - Money and Finance
Subtitle III - Financial Management
Chapter 31 - Public Debt
Subchapter I - Borrowing Authority
Sec. 3111 - New issue used to buy, redeem, or refund outstanding obligations

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Citation 31 U.S.C. § 3111 (2020)
Section Name §3111. New issue used to buy, redeem, or refund outstanding obligations
Section Text

An obligation may be issued under this chapter to buy, redeem, or refund, at or before maturity, outstanding bonds, notes, certificates of indebtedness, Treasury bills, or savings certificates of the United States Government. Under regulations of the Secretary of the Treasury, money received from the sale of an obligation and other money in the general fund of the Treasury may be used in making the purchases, redemptions, or refunds.

Source Credit

(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 942.)

Editorial Notes
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large)
3111 31:754a. Sept. 24, 1917, ch. 56, 40 Stat. 288, §19; added Jan. 30, 1934, ch. 6, §14(a)(4), 48 Stat. 343; restated Mar. 28, 1942, ch. 205, §4, 56 Stat. 189.

The words "regulations of" are substituted for "rules, regulations, terms, and conditions . . . may prescribe" to eliminate unnecessary words.

Publication Title United States Code, 2018 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 III - FINANCIAL MANAGEMENT
CHAPTER 31 - PUBLIC DEBT
SUBCHAPTER I - BORROWING AUTHORITY
Sec. 3111 - New issue used to buy, redeem, or refund outstanding obligations
Contains section 3111
Date 2020
Laws In Effect As Of Date January 13, 2021
Positive Law Yes
Disposition standard
Statutes at Large References 40 Stat. 288
48 Stat. 343
56 Stat. 189
96 Stat. 942
Public Law References Public Law 97-258
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