31 U.S.C. § 324 — Disposing and extending the maturity of obligations
submitted 44 years ago by Pub. L. 97-258 to r/title-31-MONEY-AND-FINANCE · 101 words · no verdicts yet
The Treasury Secretary can sell government obligations or extend when they mature. The Secretary sets the price, terms, and method based on the public interest.
(a) The Secretary of the Treasury can: (1) dispose of obligations that the Secretary acquired for the government, or that an executive agency delivered; and (2) arrange to extend the maturity of those obligations.
(b) The Secretary can dispose of or extend obligations under (a) in whatever way, amounts, and prices, paid in cash, obligations, property, or a mix, and on whatever conditions the Secretary thinks are wise and in the public interest.
(c) This section's authority adds to, and does not replace, authority the Secretary has under other laws.
The Secretary of the Treasury may—
dispose of obligations—
acquired by the Secretary for the United States Government; or
delivered by an executive agency; and
make arrangements to extend the maturity of those obligations.
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.
The authority under this section is in addition to authority under another law.
Source credit: (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.)
- 1982Enacted · Pub. L. 97-258 · 96 Stat. 882
- 1984Amended · Pub. L. 98-369 · 98 Stat. 816
A history note hasn’t been published yet. The record shows enactment by Pub. L. 97-258 on 1982-09-13.
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