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2026-07-06 09:52:37 -04:00

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LegalText 8 U.S.C. § 1363 Deposit of and interest on cash received to secure immigration bonds us united_states_code code_section 8 ALIENS AND NATIONALITY 12 IMMIGRATION AND NATIONALITY 1363 8 U.S.C. § 1363 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc08@119-100.zip /us/usc/t8/s1363 data/legal/raw/us/code/title-08/usc08.xml e6715cdd5f36092ecd51dccc5bb5e8375dfbf0f7dd8ec4f55ed21e4c4f9396f4 18cbd9dd4172ad0473c6dc52e038b813f80124d17167f025c00b9dfa60060a0c 1f3a1d04a5bf6c21e44812a079a90b81bc6cbdf546a6089e9165bf19cbcb0914 2026-07-04 official
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8 U.S.C. § 1363 - Deposit of and interest on cash received to secure immigration bonds

Text

(a) Cash received by the Attorney General as security on an immigration bond shall be deposited in the Treasury of the United States in trust for the obligor on the bond, and shall bear interest payable at a rate determined by the Secretary of the Treasury, except that in no case shall the interest rate exceed 3 per centum per annum. Such interest shall accrue from date of deposit occurring after April 27, 1966, to and including date of withdrawal or date of breach of the immigration bond, whichever occurs first: Provided, That cash received by the Attorney General as security on an immigration bond, and deposited by him in the postal savings system prior to discontinuance of the system, shall accrue interest as provided in this section from the date such cash ceased to accrue interest under the system. Appropriations to the Treasury Department for interest on uninvested funds shall be available for payment of said interest.

(b) The interest accruing on cash received by the Attorney General as security on an immigration bond shall be subject to the same disposition as prescribed for the principal cash, except that interest accruing to the date of breach of the immigration bond shall be paid to the obligor on the bond.

(June 27, 1952, ch. 477, title II, ch. 9, § 293, as added Pub. L. 91313, § 2, July 10, 1970, 84 Stat. 413.)

Notes

Statutory Notes and Related Subsidiaries

Abolition of Immigration and Naturalization Service and Transfer of Functions For abolition of Immigration and Naturalization Service, transfer of functions, and treatment of related references, see note set out under section 1551 of this title.