31 U.S.C. § 324 Disposing and Extending the Maturity of Obligations

• Library: United States Statutes
• Edition: 2023
• Currency: Current through P.L. 118-34 (published on www.congress.gov on 12/26/2023), except for [P. L. 118-31]
• Year: 2023
• Citation: 31 U.S.C. § 324

(a) The Secretary of the Treasury may-

(1) dispose of obligations-

(A) acquired by the Secretary for the United States Government; or

(B) delivered by an executive agency; and

(2) make arrangements to extend the maturity of those obligations.

(b) 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.

(c) The authority under this section is in addition to authority under another law.

Cite as 31 U.S.C. § 324

Source: 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.

Notes from the Office of Law Revision Counsel

current through 8/1/2023

<TABLE> <TR><TD colspan="3">HISTORICAL AND REVISION NOTES</TD> </TR> <TR> <TD>Revised Section</TD> <TD>Source (U.S. Code)</TD> <TD>Source (Statutes at Large)</TD> </TR> <TR> <TD>324(a)</TD> <TD>31:741a(a)(1st sentence words before 9th comma).</TD> <TD>Apr. 3, 1945, ch. 51, §5, 59 Stat. 48.</TD> </TR> <TR> <TD>324(b)</TD> <TD>31:741a(a)(1st sentence words after 9th comma, last sentence).</TD> <TD/> </TR> <TR> <TD>324(c)</TD> <TD>31:741a(b).</TD> <TD/> </TR> </TABLE>

In the section, the words "sell, exchange" are omitted as being included in "dispose". The word "obligations" is substituted for "bonds, notes, or other securities" for consistency in the revised title. The words "under judicial process or otherwise" are omitted as unnecessary.