ALLcrimesfood&drugstaxestelecomcommercehealthconservationtransportationagricultureveteransbrowse all titles »
0

31 U.S.C. § 5115 — United States currency notes

submitted 44 years ago by Pub. L. 97-258 to r/title-31-MONEY-AND-FINANCE · 68 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section authorizes United States currency notes payable to the bearer. It sets their form and denominations and limits the amount outstanding and their use as a reserve.

(a) The Secretary of the Treasury may issue United States currency notes. The notes— (1) are payable to bearer; and (2) must be in a form and in denominations of at least one dollar that the Secretary prescribes. (b) The amount of United States currency notes outstanding and in circulation— (1) cannot be more than $300,000,000; and (2) cannot be held or used for a reserve.
the actual law source: uscode.house.gov ↗public domain
(a)

The Secretary of the Treasury may issue United States currency notes. The notes—

(1)

are payable to bearer; and

(2)

shall be in a form and in denominations of at least one dollar that the Secretary prescribes.

(b)

The amount of United States currency notes outstanding and in circulation—

(1)

may not be more than $300,000,000; and

(2)

may not be held or used for a reserve.

Source credit: (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 983.)

history & why it existsrecord from the source credit
  • 1982Enacted · Pub. L. 97-258 · 96 Stat. 983

A history note hasn’t been published yet. The record shows enactment by Pub. L. 97-258 on 1982-09-13.

all 0 arguments · sorted by: best

0/280

no arguments yet — make the first case