31-U.S.C.-3714

§3714 – Keeping Money Due States In Default

Pathway

Title 31 > Subtitle III > Chapter 37 > Subchapter II > Section 3714

Details

• Reference: Section 3714
• Legend: §3714 – Keeping Money Due States In Default
• USCode Year: 2013

Provision Content

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.)

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.

U.S. Encyclopedia of Law Coverage

31-U.S.C.-3562 in the Legal Encyclopedia: Financial Management

In this entry about 31-U.S.C.-3562, 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.

28-U.S.C.-2680 in the Legal Encyclopedia: Claims

In this entry about 28-U.S.C.-2680, find legal reference material, bibliographies and premiere content related to claims in the American Encyclopedia of Law, presenting a comprehensive view of the United States claims-specific issues, written by authorities in the field.

Topic Map

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