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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 31 U.S.C. § 3111 New issue used to buy, redeem, or refund outstanding obligations us united_states_code code_section 31 MONEY AND FINANCE 31 PUBLIC DEBT 3111 31 U.S.C. § 3111 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/s3111 data/legal/raw/us/code/title-31/usc31.xml 4a6cd7c557567a2ce5585701048aecf771894281db03c1ca19818720966e59c2 94d3fba324cbbc12277242f872f8f47cff5250dbcdc0057fe857212764e4b704 8cf1f52c73e7071ae25c42c395401ec224169862facd5fc8ab7eacf42dae7b77 2026-07-04 official
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31 U.S.C. § 3111 - New issue used to buy, redeem, or refund outstanding obligations

Text

An obligation may be issued under this chapter to buy, redeem, or refund, at or before maturity, outstanding bonds, notes, certificates of indebtedness, Treasury bills, or savings certificates of the United States Government. Under regulations of the Secretary of the Treasury, money received from the sale of an obligation and other money in the general fund of the Treasury may be used in making the purchases, redemptions, or refunds.

(Pub. L. 97258, Sept. 13, 1982, 96 Stat. 942.)

Notes

Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large) 311131:754a.Sept. 24, 1917, ch. 56, 40 Stat. 288, § 19; added Jan. 30, 1934, ch. 6, § 14(a)(4), 48 Stat. 343; restated Mar. 28, 1942, ch. 205, § 4, 56 Stat. 189. The words “regulations of” are substituted for “rules, regulations, terms, and conditions . . . may prescribe” to eliminate unnecessary words.