31-U.S.C.-324
§324 – Disposing and Extending The Maturity of Obligations
Pathway
Title 31 > Subtitle I > Chapter 3 > Subchapter II > Section 324
Details
- Reference: Section 324
- Legend: §324 – Disposing and Extending The Maturity of Obligations
- USCode Year: 2013
Provision Content
(a) The Secretary of the Treasury may—
(1) dispose of obligations—
(A) acquired by the Secretary for the United States Government; or
(B) delivered by an executive agency; and
(2) make arrangements to extend the maturity of those obligations.
(b) The Secretary may dispose or extend the maturity of obligations under subsection (a) of this section in the way, in amounts, at prices (for cash, obligations, property, or a combination of cash, obligations, or property), and on conditions the Secretary considers advisable and in the public interest.
(c) The authority under this section is in addition to authority under another law.
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 882; Pub. L. 98–369, div. A, title IV, §444, July 18, 1984, 98 Stat. 816.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 324(a) | 31:741a(a)(1st sentence words before 9th comma). | Apr. 3, 1945, ch. 51, §5, 59 Stat. 48. |
| 324(b) | 31:741a(a)(1st sentence words after 9th comma, last sentence). | |
| 324(c) | 31:741a(b). |
In the section, the words sell, exchange are omitted as being included in dispose. The word obligations is substituted for bonds, notes, or other securities for consistency in the revised title. The words under judicial process or otherwise are omitted as unnecessary.
In subsection (a), before clause (1), the words Notwithstanding the provisions of section 302 of title 40 are omitted as unnecessary and because section 302 was repealed by section 1(95) of the Act of October 31, 1951 (ch. 654, 65 Stat. 705). In clause (2), the words those obligations are substituted for thereof for clarity.
In subsection (b), the words The Secretary may dispose or extend the maturity of obligations under subsection (a) of this section are added for clarity and because of the restatement. The words combination of cash, obligations, or property are substituted for or any combination thereof for clarity. The words terms and conditions are omitted as being included in on conditions. The words under the authority of this section are omitted as unnecessary because of the restatement.
Subsection (c) is substituted for 31:741a(b) to eliminate unnecessary words and for consistency in the revised title.
Amendments
1984—Subsec. (b). Pub. L. 98–369 struck out provision that the Secretary could not dispose of obligations of one issuer, held by the Secretary at one time, having on the date of disposal a total face or par value of more than $1,000,000 or, if no-par obligations, a stated or book value of more than $1,000,000.
U.S. Encyclopedia of Law Coverage
31-U.S.C.-315 in the Legal Encyclopedia: Public Finance
In this entry about 31-U.S.C.-315, find legal reference material, bibliographies and premiere content related to public finance in the American Encyclopedia of Law, presenting a comprehensive view of the United States public finance-specific issues, written by authorities in the field.
31-U.S.C.-302 in the Legal Encyclopedia: Money
In this entry about 31-U.S.C.-302, find legal reference material, bibliographies and premiere content related to money in the American Encyclopedia of Law, presenting a comprehensive view of the United States money-specific issues, written by authorities in the field.
Chapter 3 – Department of The Treasury in the Legal Encyclopedia: Department of the Treasury
In this entry about Chapter 3 – Department of The Treasury, find legal reference material, bibliographies and premiere content related to department of the treasury in the American Encyclopedia of Law, presenting a comprehensive view of the United States department of the treasury-specific issues, written by authorities in the field.
30-U.S.C.-1299 in the Legal Encyclopedia: Administrative Law
In this entry about 30-U.S.C.-1299, find legal reference material, bibliographies and premiere content related to administrative law in the American Encyclopedia of Law, presenting a comprehensive view of the United States administrative law-specific issues, written by authorities in the field.
Leave a Reply