Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section3102&num=0&edition=prelim
Timestamp: 2020-01-27 09:01:11
Document Index: 578971011

Matched Legal Cases: ['§ 3102', '§1', '§2', '§2', '§13212', '§9403', '§6301', '§1', '§1', '§1', '§1', '§1', '§1', '§1', '§3', '§2', '§3', '§2', '§3', '§3', '§3', '§102', '§2', '§1', '§1', '§1', '§14', '§289']

[USC02] 31 USC 3102: Bonds
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31 USC 3102: Bonds Text contains those laws in effect on January 26, 2020
(c)(1) When the Secretary decides it is in the public interest in making a bond offering under this section, the Secretary may-
( Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 938 ; Pub. L. 97–452, §1(5), Jan. 12, 1983, 96 Stat. 2467 ; Pub. L. 98–34, §2, May 26, 1983, 97 Stat. 196 ; Pub. L. 98–302, §2, May 25, 1984, 98 Stat. 217 ; Pub. L. 99–272, title XIII, §13212, Apr. 7, 1986, 100 Stat. 325 ; Pub. L. 100–203, title IX, §9403, Dec. 22, 1987, 101 Stat. 1330–377 ; Pub. L. 100–647, title VI, §6301, Nov. 10, 1988, 102 Stat. 3755 .)
3102(a) 31:752(1st par.). Sept. 24, 1917, ch. 56, §1(1st par.), 40 Stat. 288 ; restated Apr. 4, 1918, ch. 44, §1, 40 Stat. 502 ; July 9, 1918, ch. 142, §1, 40 Stat. 844 ; Mar. 3, 1931, ch. 433, 46 Stat. 1506 ; Feb. 4, 1935, ch. 5, §1, 49 Stat. 20 ; May 26, 1938, ch. 285, §1, 52 Stat. 447 .
31:752(2d par. less form of bonds). Sept. 24, 1917, ch. 56, §1(2d par. less form of bonds), 40 Stat. 288 ; restated Apr. 4, 1918, ch. 44, §1, 40 Stat. 502 ; Mar. 17, 1971, Pub. L. 92–5, §3, 85 Stat. 5 ; July 1, 1973, Pub. L. 93–53, §2, 87 Stat. 135 ; Mar. 15, 1976, Pub. L. 94–232, §3(a), 90 Stat. 217 ; June 30, 1976, Pub. L. 94–334, §2, 90 Stat. 793 ; Oct. 4, 1977, Pub. L. 95–120, §3, 91 Stat. 1090 ; Aug. 3, 1978, Pub. L. 95–333, §3, 92 Stat. 419 ; Apr. 2, 1979, Pub. L. 96–5, §3, 93 Stat. 8 ; Sept. 29, 1979, Pub. L. 96–78, §102, 93 Stat. 589 ; Oct. 3, 1980, Pub. L. 96–377, §2, 94 Stat. 1512 .
3102(b) 31:752(3d par. 1st sentence words before 4th comma). Sept. 24, 1917, ch. 56, §1(3d par.), 40 Stat. 288 ; restated Apr. 4, 1918, ch. 44, §1, 40 Stat. 502 .
31:752(4th par. related to a popular loan). Sept. 24, 1917, ch. 56, 40 Stat. 288 , §1(4th par.); added Jan. 30, 1934, ch. 6, §14(a)(1), 48 Stat. 343 .
3102(c)(1) 31:752(3d par. 1st sentence words between 4th comma and proviso), (4th par. related to allotments).
3102(c)(2) 31:752(3d par. 1st sentence proviso).
3102(d) 31:752(3d par. last sentence).
3102(e) 31:752(3d par. 2d sentence).
In subsection (a), the word "amounts" is substituted for "sum or sums" for consistency. The words "as in his judgment may be" are omitted as surplus. The words "for expenditures authorized by law" are substituted for "for the purposes of this Act . . . and to meet expenditures authorized for the national security and defense and other public purposes authorized by law" because they are inclusive and for consistency. The words "under section 3111 of this title" are substituted for "at or before maturity, of any outstanding bonds, notes, certificates of indebtedness, or Treasury bills of the United States" because of the restatement. The words "prescribe conditions under section 3121 of this title" are substituted for the text of 31:752(2d par. 1st sentence less form of bonds, 2d sentence) because of the restatement. The words "at any annual interest rate" are added for clarity and to more precisely define the 4.25 percent limitation. The words "bonds may not be issued under this section to the public, or sold by a Government account to the public, with a rate of interest exceeding 4¼ per centum per annum in an amount which would cause" are omitted as surplus.
In subsections (b), (d), and (e), the words "not less than par" are omitted as superseded by section 3 of the Public Debt Act of 1942 (ch. 205, 56 Stat. 189), restated in section 3121 of the revised title.
In subsection (b), the words "under regulations of the Secretary that allow" are substituted for "under such regulations, prescribed by the Secretary of the Treasury from time to time, as will in his opinion give" to eliminate unnecessary words. The words "subscribing to the offered bonds" are substituted for "therein" for clarity. The words "However . . . when the Secretary decides the other way is in the public interest" are substituted for "Notwithstanding the provisions of the foregoing paragraph, the Secretary of the Treasury may from time to time, when he deems it to be in the public interest" to eliminate unnecessary words.
In subsection (c)(1), before clause (A), the words "and may from time to time adopt any or all of said methods, should any such action" in 31:752(3d par. 1st sentence words between 4th comma and proviso) are omitted because of the restatement. The word "decides" is substituted for "deemed" in 31:752(3d par. 1st sentence words between 4th comma and proviso) and "deems" in 31:752a(4th par. related to allotments) for consistency. The words "in making a bond offering under this section" are added for clarity.
In subsection (c)(2), the word "regulations" is substituted for "general rules" for consistency in the revised title and with other titles of the United States Code.
In subsection (d), the words "members of armed forces" are substituted for "persons in the military or naval forces of the United States" for clarity and consistency with title 10.
3102(a) 31 App.:752(2d par. less form of bonds). Sept. 3, 1982, Pub. L. 97–248, §289(c), 96 Stat. 572 .
1988-Subsec. (a). Pub. L. 100–647 struck out at end: "However, the face amount of bonds issued under this section and held by the public with interest rates of more than 4.25 percent a year may not be more than $270,000,000,000."
1987-Subsec. (a). Pub. L. 100–203 substituted "$270,000,000,000" for "$250,000,000,000".
1986-Subsec. (a). Pub. L. 99–272 substituted "$250,000,000,000" for "$200,000,000,000".
1984-Subsec. (a). Pub. L. 98–302 substituted "$200,000,000,000" for "$150,000,000,000".
1983-Subsec. (a). Pub. L. 98–34 substituted "$150,000,000,000" for "$110,000,000,000".
Pub. L. 97–452 substituted "$110,000,000,000" for "$70,000,000,000".