
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 31USC306]

 
                       TITLE 31--MONEY AND FINANCE
 
                           SUBTITLE I--GENERAL
 
                  CHAPTER 3--DEPARTMENT OF THE TREASURY
 
                       SUBCHAPTER I--ORGANIZATION
 
Sec. 306. Fiscal Service

    (a) The Fiscal Service is a service in the Department of the 
Treasury.
    (b) The head of the Fiscal Service is the Fiscal Assistant Secretary 
appointed under section 301(d) of this title.
    (c) The Fiscal Service has a--
        (1) Bureau of Government Financial Operations, having as its 
    head a Commissioner of Government Financial Operations; and
        (2) Bureau of the Public Debt, having as its head a Commissioner 
    of the Public Debt.

    (d) The Secretary of the Treasury may designate another officer of 
the Department to act as the Fiscal Assistant Secretary when the Fiscal 
Assistant Secretary is absent or unable to serve or when the office of 
Fiscal Assistant Secretary is vacant.

(Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 879.)

                                          Historical and Revision Notes
-------------------------------------------------------------------------------
---------------------------------
           Revised Section                   Source (U.S. Code)                
Source (Statutes at Large)
-------------------------------------------------------------------------------
---------------------------------
306..................................  5 App.                          Reorg. P
lan No. 3 of 1940, eff. June 30,
                                                                        1940, S
ec.  1(less (a)(7)(1st sentence),
                                                                        (d)), 5
4 Stat. 1231.
-------------------------------------------------------------------------------
---------------------------------

    In subsection (a), the word ``service'' is substituted for 
``agency'' in section 1(a)(1)(words before last comma) of Reorganization 
Plan No. 3 of 1940 (eff. June 30, 1940, 54 Stat. 1232) for consistency 
in the revised title. The words related to the organizational units 
being consolidated into the Fiscal Service are omitted as executed.
    In subsection (b), the text of section 1(a)(7)(2d sentence) of 
Reorganization Plan No. 3 of 1940 is omitted because of the source 
provisions restated in section 301(d) of the revised title.
    In subsection (c), the words ``Office of the Fiscal Assistant 
Secretary'' in section 1(a)(2) of Reorganization Plan No. 3 of 1940 are 
omitted as unnecessary and for consistency in chapter 3 of the revised 
title. The words ``the Office of the Treasurer of the United States'' 
are omitted because this office is no longer in the Fiscal Service. See 
Department of the Treasury Order 229 of January 14, 1974 (39 F.R. 2280). 
The words ``Bureau of Government Financial Operations'' are substituted 
for ``Bureau of Accounts'' because of Treasury Order 229 and 
appropriation Acts beginning with fiscal year 1975. The text of section 
1(a)(2)(last sentence) is omitted as unnecessary because of section 301 
of the revised title. The words ``Commissioner of Government Financial 
Operations'' are substituted for ``Commissioner of Accounts and 
Deposits'' in section 1(a)(3) of the Reorganization Plan because of 
Treasury Order 229 and appropriation Acts beginning with fiscal year 
1975. The words before the last comma are omitted as executed. The words 
related to the organizational units, in section 1(a)(4) of the 
Reorganization Plan, that are being consolidated into the Bureau of the 
Public Debt are omitted as executed.
    Subsection (d) is substituted for the text of section 1(a)(7)(last 
sentence) of Reorganization Plan No. 3 of 1940 for consistency in the 
revised title. The text of section 1(a)(5) and (6), (b), and (c) is 
omitted as superseded by the source provisions restated in section 321 
of the revised title.

                       References in Text

    The Bureau of Government Financial Operations, referred to in 
subsec. (c)(1), is now known as the Financial Management Service and has 
as its head a Commissioner of the Financial Management Service.


 Reimbursement of Financial Management Service and Bureau of the Public 
                                  Debt

    Pub. L. 105-277, div. A, Sec. 101(h) [title I], Oct. 21, 1998, 112 
Stat. 2681-480, 2681-486, provided in part: ``That notwithstanding any 
other provisions of law, effective upon enactment [Oct. 21, 1998] and 
thereafter, the Bureau of the Public Debt shall be fully and directly 
reimbursed by the funds described in section 104 of Public Law 101-136 
(103 Stat. 789) [set out below] for costs and services performed by the 
Bureau in the administration of such funds.''
    Similar provisions were contained in Pub. L. 105-61, title I, Oct. 
10, 1997, 111 Stat. 1279.
    Pub. L. 103-329, title I, Sec. 105, Sept. 30, 1994, 108 Stat. 2390, 
provided that: ``Notwithstanding any other provision of law, beginning 
in fiscal year 1995 and thereafter, the Financial Management Service 
(FMS) shall be reimbursed, for postage incurred by FMS to make check 
payments on their behalf, by: the Department of Veterans Affairs, for 
the mailing of Compensation and Pension benefit payments; the Department 
of Health and Human Services, for the mailing of Supplemental Security 
Income payments; and the Office of Personnel Management, for the mailing 
of Retirement payments. Such reimbursement shall be due beginning with 
checks mailed on October 1, 1994, and such reimbursement shall occur on 
a monthly basis.''
    Pub. L. 102-393, title I, Sec. 105, Oct. 6, 1992, 106 Stat. 1737, 
provided that: ``Notwithstanding any other provision of law, beginning 
October 1, 1992, and thereafter, the Financial Management Service (FMS) 
shall be reimbursed by the Internal Revenue Service (IRS) and the 
Department of Agriculture, National Finance Center (NFC), for the 
postage costs the FMS incurs to make check payments on behalf of the IRS 
and the NFC.''
    Pub. L. 101-136, title I, Sec. 104, Nov. 3, 1989, 103 Stat. 789, 
provided that: ``Notwithstanding any other provision of law, beginning 
October 1, 1990, and thereafter, the Financial Management Service shall 
be fully and directly reimbursed from the Social Security Trust Funds 
for the costs it incurs in the issuance of Social Security Trust Funds 
benefit payments, including all physical costs associated with payment 
preparation and postage costs. Such direct reimbursement shall also be 
made for all other trust and special funds which are the recipients of 
services performed by the Financial Management Service and which prior 
to enactment of this provision [Nov. 3, 1989] reimburse the General Fund 
of the Treasury for such services.''
