
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: 31USC3714]

 
                       TITLE 31--MONEY AND FINANCE
 
                   SUBTITLE III--FINANCIAL MANAGEMENT
 
                           CHAPTER 37--CLAIMS
 
          SUBCHAPTER II--CLAIMS OF THE UNITED STATES GOVERNMENT
 
Sec. 3714. Keeping money due States in default

    The Secretary of the Treasury shall keep the necessary amount of 
money the United States Government owes a State when the State defaults 
in paying principal or interest on investments in stocks or bonds the 
State issues or guarantees and that the Government holds in trust. The 
money shall be used to pay the principal or interest or reimburse, with 
interest, money the Government advanced for interest due on the stocks 
or bonds.

(Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 972.)

                                          Historical and Revision Notes
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           Revised Section                   Source (U.S. Code)                
Source (Statutes at Large)
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3714.................................  31:207.                         R.S. Sec
.  3481.
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    The word ``amount'' is substituted for ``whole, or so much thereof'' 
for clarity. The word ``owes'' is substituted for ``due on any account 
from the . . . to'' to eliminate unnecessary words. The words ``or 
either'' and ``thereon'' are omitted as surplus.
