31 USC 3304: Transfers of public money from depositaries
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31 USC 3304: Transfers of public money from depositaries Text contains those laws in effect on July 2, 2024
From Title 31-MONEY AND FINANCESUBTITLE III-FINANCIAL MANAGEMENTCHAPTER 33-DEPOSITING, KEEPING, AND PAYING MONEYSUBCHAPTER I-DEPOSITS AND DEPOSITARIES
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§3304. Transfers of public money from depositaries

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.

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

Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large)
3304 31:522. R.S. §3640.

In the section, before clause (1), the words "except as provided in section 523 of this title" are omitted as superseded by title 39.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.