31 U.S.C. § 5115 United States Currency Notes

LibraryUnited States Statutes
Edition2023 Edition
CurrencyCurrent through P.L. 118-19 (published on www.congress.gov on 10/06/2023)

(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.

<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>5115(a)</TD> <TD>31:401.</TD> <TD>R.S. §3571.</TD> </TR> <TR> <TD>5115(b)</TD> <TD>31:402.</TD> <TD>June 20, 1874, ch. 343, §6, 18 Stat. 124; Jan. 14, 1875, ch. 15, §3, 18 Stat. 296.</TD> </TR> </TABLE>

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