31 USC 3111: New issue used to buy, redeem, or refund outstanding obligations
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31 USC 3111: New issue used to buy, redeem, or refund outstanding obligations Text contains those laws in effect on July 2, 2024
From Title 31-MONEY AND FINANCESUBTITLE III-FINANCIAL MANAGEMENTCHAPTER 31-PUBLIC DEBTSUBCHAPTER I-BORROWING AUTHORITY
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§3111. New issue used to buy, redeem, or refund outstanding obligations

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.

( Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 942 .)

Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large)
3111 31:754a. Sept. 24, 1917, ch. 56, 40 Stat. 288 , §19; added Jan. 30, 1934, ch. 6, §14(a)(4), 48 Stat. 343 ; restated Mar. 28, 1942, ch. 205, §4, 56 Stat. 189 .

The words "regulations of" are substituted for "rules, regulations, terms, and conditions . . . may prescribe" to eliminate unnecessary words.