
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: 31USC3335]

 
                       TITLE 31--MONEY AND FINANCE
 
                   SUBTITLE III--FINANCIAL MANAGEMENT
 
            CHAPTER 33--DEPOSITING, KEEPING, AND PAYING MONEY
 
                         SUBCHAPTER II--PAYMENTS
 
Sec. 3335. Timely disbursement of Federal funds

    (a) Each head of an executive agency (other than the Tennessee 
Valley Authority) shall, under such regulations as the Secretary of the 
Treasury shall prescribe, provide for the timely disbursement of Federal 
funds through cash, checks, electronic funds transfer, or any other 
means identified by the Secretary.
    (b) The Secretary may collect from any executive agency which does 
not comply with subsection (a) a charge in an amount the Secretary 
determines to be the cost to the general fund of the Treasury caused by 
such noncompliance.
    (c) The amounts of charges collected from an executive agency under 
this section shall be deposited in the Treasury and credited as 
miscellaneous receipts.
    (d) Any charge assessed by the Secretary under this section, to the 
maximum extent practicable--
        (1) shall be paid out of appropriations available for executive 
    agency operations; and
        (2) shall not be paid from amounts available for funding 
    programs of an executive agency.

(Added Pub. L. 101-453, Sec. 4(a), Oct. 24, 1990, 104 Stat. 1058.)


                               Regulations

    Section 4(c) of Pub. L. 101-453, as amended by Pub. L. 102-589, 
Sec. 2(1), Nov. 10, 1992, 106 Stat. 5133, provided that: ``The Secretary 
of the Treasury shall prescribe regulations under section 3335 of title 
31, United States Code, as added by subsection (a), to ensure the full 
implementation of that section.''
