
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 31USC3107]

 
                       TITLE 31--MONEY AND FINANCE
 
                   SUBTITLE III--FINANCIAL MANAGEMENT
 
                         CHAPTER 31--PUBLIC DEBT
 
                    SUBCHAPTER I--BORROWING AUTHORITY
 
Sec. 3107. Increasing interest rates and investment yields on 
        retirement bonds
        
    With the approval of the President, the Secretary of the Treasury 
may increase by regulation the interest rate or investment yield on an 
offering of bonds issued under this chapter that are described in 
sections 405(b) and 409(a) of the Internal Revenue Code of 1954 (26 
U.S.C. 405(b), 409(a)), as in effect before the enactment of the Tax 
Reform Act of 1984. The increased yield shall be for interest accrual 
periods specified in the regulations so that the interest rate or 
investment yield on the bonds for those periods is consistent with the 
interest rate or investment yield on a new offering of those bonds.

(Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 941; Pub. L. 98-369, div. A, 
title IV, Sec. 491(d)(59), July 18, 1984, 98 Stat. 852.)

                                          Historical and Revision Notes
-------------------------------------------------------------------------------
---------------------------------
           Revised Section                   Source (U.S. Code)                
Source (Statutes at Large)
-------------------------------------------------------------------------------
---------------------------------
3107.................................  31:752(last par.).              Sept. 24
, 1917, ch. 56, 40 Stat. 288,
                                                                        Sec.  1
(last par.); added Dec. 24, 1980,
                                                                        Pub. L.
 96-595, Sec.  2(a), 94 Stat.
                                                                        3465.
-------------------------------------------------------------------------------
---------------------------------

    The words ``interest rate'' are added for consistency in the chapter 
and with 26:405(b) and 409(a).

                       References in Text

    Sections 405(b) and 409(a) of the Internal Revenue Code of 1954 (26 
U.S.C. 405(b), 409(a)), referred to in text, were repealed by Pub. L. 
98-369, div. A, title IV, Sec. 491(a), (b), July 18, 1984, 98 Stat. 848.
    Enactment of the Tax Reform Act of 1984, referred to in text, means 
the date of enactment of division A of Pub. L. 98-369, which was 
approved July 18, 1984.


                               Amendments

    1984--Pub. L. 98-369 inserted ``, as in effect before the enactment 
of the Tax Reform Act of 1984'' after ``(26 U.S.C. 405(b), 409(a))''.


                    Effective Date of 1984 Amendment

    Amendment by Pub. L. 98-369 applicable to obligations issued after 
Dec. 31, 1983, see section 491(f)(1) of Pub. L. 98-369, set out as a 
note under section 62 of Title 26, Internal Revenue Code.

                  Section Referred to in Other Sections

    This section is referred to in section 3108 of this title.
