U.S. Code » Title 31 » Subtitle SUBTITLE III— FINANCIAL MANAGEMENT › Chapter CHAPTER 31— PUBLIC DEBT › Subchapter SUBCHAPTER I— BORROWING AUTHORITY

31 U.S.C. § 3111

New issue used to buy, redeem, or refund outstanding obligations

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An obligation may be issued under this chapter to buy, redeem, or refund, at or before maturity, outstanding bonds, notes, certificates of indebtedness, Treasury bills, or savings certificates of the United States Government. Under regulations of the Secretary of the Treasury, money received from the sale of an obligation and other money in the general fund of the Treasury may be used in making the purchases, redemptions, or refunds.

Notes of Decisions
Cited in 1 case, 1996–1996 · leading case: Transactions Between the Fed. Fin. Bank & the Dep't of the Treasury (OLC 1996).
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Transactions Between the Fed. Fin. Bank & the Dep't of the Treasury (OLC 1996). · cites it 5× “31 U.S.C. §3111 . Treasury issued the public debt obligations currently being held by the CSRDF pursuant to 5 U.”
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