Home/U.S. Code/Title 31/Ch. 33/§ 3304
FEDERAL · 31 U.S.C. · Chapter 33

Transfers of public money from depositaries

Current through Pub. L. 119-102
Title 31 — Money and Finance·Ch. 33 — DEPOSITING, KEEPING, AND PAYING MONEY·Subch. I

The Secretary of the Treasury may transfer public money in the possession of a depositary—

(1)to the Treasury; and
(2)if the Secretary believes the safety of the public money and convenience require it, to another depositary.

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31 U.S.C. § 3304 (Transfers of public money from depositaries) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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History

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

Editorial Notes

In the section, before clause (1), the words "except as provided in section 523 of this title" are omitted as superseded by title 39. The words "of the United States, to the credit of the Treasurer" are omitted as unnecessary. In clause (2), the words "if the Secretary believes the safety of the public money and convenience require it" are substituted for "as the safety of the public moneys and the convenience of the public service shall seem to him to require" for clarity and to eliminate unnecessary words.