
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC1320b-15]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                       CHAPTER 7--SOCIAL SECURITY
 
   SUBCHAPTER XI--GENERAL PROVISIONS, PEER REVIEW, AND ADMINISTRATIVE 
                             SIMPLIFICATION
 
                       Part A--General Provisions
 
Sec. 1320b-15. Protection of social security and medicare trust 
        funds
        

(a) In general

    No officer or employee of the United States shall--
        (1) delay the deposit of any amount into (or delay the credit of 
    any amount to) any Federal fund or otherwise vary from the normal 
    terms, procedures, or timing for making such deposits or credits,
        (2) refrain from the investment in public debt obligations of 
    amounts in any Federal fund, or
        (3) redeem prior to maturity amounts in any Federal fund which 
    are invested in public debt obligations for any purpose other than 
    the payment of benefits or administrative expenses from such Federal 
    fund.

(b) ``Public debt obligation'' defined

    For purposes of this section, the term ``public debt obligation'' 
means any obligation subject to the public debt limit established under 
section 3101 of title 31.

(c) ``Federal fund'' defined

    For purposes of this section, the term ``Federal fund'' means--
        (1) the Federal Old-Age and Survivors Insurance Trust Fund;
        (2) the Federal Disability Insurance Trust Fund;
        (3) the Federal Hospital Insurance Trust Fund; and
        (4) the Federal Supplementary Medical Insurance Trust Fund.

(Aug. 14, 1935, ch. 531, title XI, Sec. 1145, as added Pub. L. 104-121, 
title I, Sec. 107(a), Mar. 29, 1996, 110 Stat. 856.)


                             Effective Date

    Section 107(b) of Pub. L. 104-121 provided that: ``The amendment 
made by this section [enacting this section] shall take effect on the 
date of the enactment of this Act [Mar. 29, 1996].''
