FEDERAL · 31 U.S.C. · Chapter 31
New issue used to buy, redeem, or refund outstanding obligations
Current through Pub. L. 119-102
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.
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31 U.S.C. § 3111 (New issue used to buy, redeem, or refund outstanding obligations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Transactions Between the Federal Financing Bank and the Department of the Treasury
(Office of Legal Counsel, 1996)
Source Credit
History
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 942.)
Editorial Notes
The words "regulations of" are substituted for "rules, regulations, terms, and conditions . . . may prescribe" to eliminate unnecessary words.