
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: 31USC3111]

 
                       TITLE 31--MONEY AND FINANCE
 
                   SUBTITLE III--FINANCIAL MANAGEMENT
 
                         CHAPTER 31--PUBLIC DEBT
 
                    SUBCHAPTER I--BORROWING AUTHORITY
 
Sec. 3111. New issue used to buy, redeem, or refund outstanding 
        obligations
        
    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. 97-258, Sept. 13, 1982, 96 Stat. 942.)

                                          Historical and Revision Notes
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           Revised Section                   Source (U.S. Code)                
Source (Statutes at Large)
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3111.................................  31:754a.                        Sept. 24
, 1917, ch. 56, 40 Stat. 288,
                                                                        Sec.  1
9; added Jan. 30, 1934, ch. 6,
                                                                        Sec.  1
4(a)(4), 48 Stat. 343; restated
                                                                        Mar. 28
, 1942, ch. 205, Sec.  4, 56
                                                                        Stat. 1
89.
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    The words ``regulations of'' are substituted for ``rules, 
regulations, terms, and conditions . . . may prescribe'' to eliminate 
unnecessary words.

                  Section Referred to in Other Sections

    This section is referred to in sections 3102, 3103, 3104, 3105, 
3106, 3109 of this title.
