The Secretary of the Treasury shall keep the necessary amount of money the United States Government owes a State when the State defaults in paying principal or interest on investments in stocks or bonds the State issues or guarantees and that the Government holds in trust. The money shall be used to pay the principal or interest or reimburse, with interest, money the Government advanced for interest due on the stocks or bonds.
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 972.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 3714 | 31:207. | R.S. §3481. |
Sections: Previous 3557 3562 3701 3702 3711 3712 3713 3714 3715 3716 3717 3718 3719 3720 3720A Next
Last modified: October 26, 2015