§ 3107. Increasing interest rates and investment yields on retirement bonds
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/usc/title-31/section-3107A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
With the approval of the President, the Secretary of the Treasury may increase by regulation the interest rate or investment yield on an offering of bonds issued under this chapter that are described in sections 405(b) and 409(a) of the Internal Revenue Code of 1954 (26 U.S.C. 405(b), 409(a)), as in effect before the enactment of the Tax Reform Act of 1984. The increased yield shall be for interest accrual periods specified in the regulations so that the interest rate or investment yield on the bonds for those periods is consistent with the interest rate or investment yield on a new offering of those bonds.
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 941; Pub. L. 98–369, div. A, title IV, § 491(d)(59), July 18, 1984, 98 Stat. 852.)
The words “interest rate” are added for consistency in the chapter and with 26:405(b) and 409(a).
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- Pub. L. 97–258
- 96 Stat. 941
- Pub. L. 98–369, div. A, title IV, § 491(d)(59)
- 98 Stat. 852
- Pub. L. 98–369, div. A, title IV, § 491(a)
- 98 Stat. 848
- Pub. L. 98–369
- section 491(f)(1) of Pub. L. 98–369
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§ 3107
Increasing interest rates and investment yields on retirement bonds
U.S.C.×1
Pub. L.Pub. L. 97–258
Stat.96 Stat. 941
Pub. L.Pub. L. 98–369, div. A, title IV, § 491(d)(59)
Stat.98 Stat. 852
Pub. L.Pub. L. 98–369, div. A, title IV, § 491(a)
Cites 10 · showing 7Cited by 1 across 1 source