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
(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.
Pub. L. 104–121, title I, § 107(b),Mar. 29, 1996, 110 Stat. 857, 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].”
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
Description of Change
Statutes at Large
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