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Code · U.S. Code · Title 31 - MONEY AND FINANCE · CHAPTER 3— DEPARTMENT OF THE TREASURY · SUBCHAPTER II— ADMINISTRATIVE · § 324

§ 324. Disposing and extending the maturity of obligations

373 words·~2 min read·/usc/title-31/section-324

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(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.
(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.)
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.
In subsection (a), before clause (1), the words “Notwithstanding the provisions of section 302 of title 40” are omitted as unnecessary and because section 302 was repealed by section 1(95) of the Act of October 31, 1951 (ch. 654, 65 Stat. 705). In clause (2), the words “those obligations” are substituted for “thereof” for clarity.
In subsection (b), the words “The Secretary may dispose or extend the maturity of obligations under subsection
(a)of this section” are added for clarity and because of the restatement. The words “combination of cash, obligations, or property” are substituted for “or any combination thereof” for clarity. The words “terms and conditions” are omitted as being included in “on conditions”. The words “under the authority of this section” are omitted as unnecessary because of the restatement.
Subsection
(c)is substituted for 31:741a(b) to eliminate unnecessary words and for consistency in the revised title.
Connections6 cite this · traces to 1
7 references not yet in our index
  • Pub. L. 97–258
  • 96 Stat. 882
  • Pub. L. 98–369, div. A, title IV, § 444
  • 98 Stat. 816
  • section 1(95) of the Act of October 31, 1951
  • 65 Stat. 705
  • Pub. L. 98–369
Citation graph
cites case law
§ 324
Disposing and extending the maturity of obligations
Stat.×5
Fed. Reg.×1
U.S.C.§ 302
Pub. L.Pub. L. 97–258
Stat.96 Stat. 882
Pub. L.Pub. L. 98–369, div. A, title IV, § 444
Stat.98 Stat. 816
Actsection 1(95) of the Act of October 31, 1951
Cites 8 · showing 6Cited by 6 across 2 sources
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