
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: 8USC1363]

 
                     TITLE 8--ALIENS AND NATIONALITY
 
                 CHAPTER 12--IMMIGRATION AND NATIONALITY
 
                       SUBCHAPTER II--IMMIGRATION
 
                         Part IX--Miscellaneous
 
Sec. 1363. Deposit of and interest on cash received to secure 
        immigration bonds
        
    (a) Cash received by the Attorney General as security on an 
immigration bond shall be deposited in the Treasury of the United States 
in trust for the obligor on the bond, and shall bear interest payable at 
a rate determined by the Secretary of the Treasury, except that in no 
case shall the interest rate exceed 3 per centum per annum. Such 
interest shall accrue from date of deposit occurring after April 27, 
1966, to and including date of withdrawal or date of breach of the 
immigration bond, whichever occurs first: Provided, That cash received 
by the Attorney General as security on an immigration bond, and 
deposited by him in the postal savings system prior to discontinuance of 
the system, shall accrue interest as provided in this section from the 
date such cash ceased to accrue interest under the system. 
Appropriations to the Treasury Department for interest on uninvested 
funds shall be available for payment of said interest.
    (b) The interest accruing on cash received by the Attorney General 
as security on an immigration bond shall be subject to the same 
disposition as prescribed for the principal cash, except that interest 
accruing to the date of breach of the immigration bond shall be paid to 
the obligor on the bond.

(June 27, 1952, ch. 477, title II, ch. 9, Sec. 293, as added Pub. L. 91-
313, Sec. 2, July 10, 1970, 84 Stat. 413.)
