republic-os/legal/us/code/title-31/chapter-13/section-1306.md

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LegalText	31 U.S.C. § 1306	Use of foreign credits	us	united_states_code	code_section	31	MONEY AND FINANCE	13	APPROPRIATIONS	1306	31 U.S.C. § 1306	current	119-100	2026-06-26	official	https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc31@119-100.zip	/us/usc/t31/s1306	data/legal/raw/us/code/title-31/usc31.xml	dc81b2392785013554689342be1d3c519d33615d040bf8ce00f39dffd5749834	94d3fba324cbbc12277242f872f8f47cff5250dbcdc0057fe857212764e4b704	b27ba8504f29aa533c7a8cdebaea41620b8fb0bd0916e817eaaa231db33dc3a1	2026-07-04	official	legal us-code

31 U.S.C. § 1306 - Use of foreign credits

Text

(a) In General.— Foreign credits (including currencies) owed to or owned by the United States may be used by any agency for any purpose for which appropriations are made for the agency for the current fiscal year (including the carrying out of Acts requiring or authorizing the use of such credits), but only when reimbursement therefor is made to the Treasury from applicable appropriations of the agency.

(b) Exception to Reimbursement Requirement.— Credits described in subsection (a) that are received as exchanged allowances, or as the proceeds of the sale of personal property, may be used in whole or partial payment for the acquisition of similar items, to the extent and in the manner authorized by law, without reimbursement to the Treasury.

(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 918; Pub. L. 104–208, div. A, title I, § 101(f) [title VI, § 612(a)], Sept. 30, 1996, 110 Stat. 3009–314, 3009–355.)

Notes

Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large) 130631:724.July 15, 1952, ch. 758, § 1415, 66 Stat. 662. The words “are not available for expenditure by agencies except as provided annually in general appropriation laws” are substituted for “will not be available for expenditure by agencies of the United States after June 30, 1953, except as may be provided for annually in appropriation Acts” because of section 101 of the revised title.

Editorial Notes

Amendments1996—Pub. L. 104–208 reenacted section catchline without change and amended text generally. Prior to amendment, text read as follows: “Foreign credits owed to or owned by the Treasury are not available for expenditure by agencies except as provided annually in general appropriation laws.”

Statutory Notes and Related Subsidiaries

Effective Date of 1996 AmendmentPub. L. 104–208, div. A, title I, § 101(f) [title VI, § 612(b)], Sept. 30, 1996, 110 Stat. 3009–314, 3009–356, provided that: “The amendment made by this section [amending this section] shall take effect on the date of the enactment of this Act [Sept. 30, 1996] and shall apply thereafter.”

Appropriations of Excess CurrenciesPub. L. 102–391, title V, § 566, Oct. 6, 1992, 106 Stat. 1680, provided that: “The provisions of section 1306 of title 31, United States Code, shall not be waived to carry out the provisions of the Foreign Assistance Act of 1961 [22 U.S.C. 2151 et seq.] by any provision of law enacted after the date of enactment of this Act [Oct. 6, 1992] unless such provision makes specific reference to this section.” Similar provisions were contained in the following prior appropriations acts: Pub. L. 101–513, title V, § 570, Nov. 5, 1990, 104 Stat. 2041. Pub. L. 101–167, title V, § 583, Nov. 21, 1989, 103 Stat. 1251.