Prohibition against circulation privilege

  1. Law
  2. USC 31
  3. Money And Finance
  4. FINANCIAL MANAGEMENT
  5. PUBLIC DEBT
  6. BORROWING AUTHORITY
  7. Prohibition against circulation privilege

Checkout our iOS App for a better way to browser and research.

§3108. Prohibition against circulation privilege

An obligation issued under sections 3102–3104(a)(1) and 3105–3107 of this title may not bear the circulation privilege.

( Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 942 .)

Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large)
3108 31:753(d)(1st sentence). Sept. 24, 1917, ch. 56, 40 Stat. 288 , §18(d)(1st sentence); added Mar. 3, 1919, ch. 100, §1, 40 Stat. 1310 .
  31:757c(d)(last sentence). Sept. 24, 1917, ch. 56, 40 Stat. 288 , §22(d)(last sentence); added Feb. 4, 1935, ch. 5, §6, 49 Stat. 21 ; restated Feb. 19, 1941, ch. 7, §3, 55 Stat. 8 .
  31:757c–2(c)(last sentence). Sept. 24, 1917, ch. 56, 40 Stat. 288 , §22A(c)(last sentence); added Nov. 8, 1966, Pub. L. 89–800, §5, 80 Stat. 1515 .
  31:758. Sept. 24, 1917, ch. 56, §7(1st sentence), 40 Stat. 291 .

The reference in 31:758 to certificates authorized under 31:757 is omitted because the authority under 31:757 was ended by section 2(b)(3) of the Public Debt Act of 1941 (ch. 7, 55 Stat. 7).


Download our app to see the most-to-date content.