
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: 31USC3334]

 
                       TITLE 31--MONEY AND FINANCE
 
                   SUBTITLE III--FINANCIAL MANAGEMENT
 
            CHAPTER 33--DEPOSITING, KEEPING, AND PAYING MONEY
 
                         SUBCHAPTER II--PAYMENTS
 
Sec. 3334. Cancellation and proceeds distribution of Treasury 
        checks
        
    (a) In General.--(1) The Secretary shall provide monthly to each 
agency that authorizes the issuance of Treasury checks a list of those 
checks issued for such agency on or after such effective date that have 
not been paid and have become more than 12 months old during the 
preceding month, beginning with the fourteenth month following the 
effective date of this section.
    (2) Such checks shall be canceled by the Secretary and the proceeds 
thereof shall be returned to the agency concerned and credited to the 
appropriation or fund account initially charged for the payment.
    (b) Checks Issued Before Effective Date.--(1) Not later than 18 
months after the effective date of this section, the Secretary shall 
identify and cancel all Treasury checks issued before such effective 
date that have not been paid in accordance with section 3328 of this 
title.
    (2) The proceeds from checks canceled pursuant to paragraph (1) 
shall be applied to eliminate the balances in accounts that represent 
uncollectible accounts receivable and other costs associated with the 
payment of checks and check claims by the Department of the Treasury on 
behalf of all payment certifying agencies. Any remaining proceeds shall 
be deposited to the miscellaneous receipts of the Treasury.
    (c) No Effect on Underlying Obligation.--Nothing in this section 
shall be construed to affect the underlying obligation of the United 
States, or any agency thereof, for which a Treasury check was issued.

(Added Pub. L. 100-86, title X, Sec. 1003, Aug. 10, 1987, 101 Stat. 
658.)

                       References in Text

    Such effective date, and the effective date of this section, 
referred to in subsecs. (a)(1) and (b)(1), is 6 months after Aug. 10, 
1987, or on such later date as the Secretary of the Treasury may 
prescribe in regulations. See Effective Date note below.


                             Effective Date

    Section effective 6 months after Aug. 10, 1987, or on such later 
date as the Secretary of the Treasury may prescribe in regulations, see 
section 1006 of Pub. L. 100-86, set out as an Effective Date of 1987 
Amendment note under section 3328 of this title.


                               Regulations

    For provision permitting Secretary of the Treasury to prescribe 
rules, regulations, and procedures as necessary to implement this 
section, including recertification of Treasury checks which have been 
canceled or for which a claim has been asserted or barred, see section 
1005 of Pub. L. 100-86, set out as a note under section 3328 of this 
title.
