31-U.S.C.-3303

§3303 – Designation of Depositaries

Pathway

Title 31 > Subtitle III > Chapter 33 > Subchapter I > Section 3303

Details

• Reference: Section 3303
• Legend: §3303 – Designation of Depositaries
• USCode Year: 2013

Provision Content

(a) The Secretary of the Treasury designates depositaries of money as provided in this section and under other law.

(b) When necessary to carry out the business of the United States Government and under conditions the Secretary decides are necessary, the Secretary may designate depositaries in foreign countries and in territories and possessions of the United States to receive deposits of public money. The Secretary shall give preference to United States financial institutions the Secretary decides are safe and able to give the service required.

(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 949.)

Subsection (a) is added to inform the reader that there are numerous other laws providing for the designation of depositaries. These other laws are scattered throughout the titles of the United States Code.

In subsection (b), the words carry out are substituted for transaction for consistency. The words terms and . . . as to security and otherwise and of public moneys are omitted as surplus. The words territories and possessions of the United States are substituted for Territories and insular possessions of the United States for consistency. The words to receive deposits of public money are added for clarity.

U.S. Encyclopedia of Law Coverage

31-U.S.C.-3123 in the Legal Encyclopedia: Financial Management

In this entry about 31-U.S.C.-3123, find legal reference material, bibliographies and premiere content related to financial management in the American Encyclopedia of Law, presenting a comprehensive view of the United States financial management-specific issues, written by authorities in the field.

Topic Map

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