GroundRules
31 CFR 344.0: What does this part cover?
Where this section sits in the code
- Title 31—Money and Finance: Treasury
- Subtitle B—Regulations Relating to Money and Finance
- CHAPTER II—FISCAL SERVICE, DEPARTMENT OF THE TREASURY
- SUBCHAPTER A—BUREAU OF THE FISCAL SERVICE
- PART 344—U.S. TREASURY SECURITIES—STATE AND LOCAL GOVERNMENT SERIES
- Subpart A—General Information
(a) What is the purpose of the SLGS securities offering? The Secretary of the Treasury (the Secretary) offers for sale non-marketable State and Local Government Series (SLGS) securities to provide issuers of tax-advantaged bonds with investments from any eligible source of funds (as defined in § 344.1) to assist issuers in complying with applicable provisions of the Internal Revenue Code.
(b) What types of SLGS securities are governed by this part? This part governs the following SLGS securities:
(1) Time Deposit securities—may be issued as:
(i) Certificates of indebtedness;
(ii) Notes; or
(iii) Bonds.
(2) Demand Deposit securities—may be issued as certificates of indebtedness.
(c) In what denominations are SLGS securities issued? SLGS securities are issued in the following denominations:
(1) Time Deposit securities—a minimum amount of $1,000, or in any larger whole dollar amount; and
(2) Demand Deposit securities—a minimum amount of $1,000, or in any larger amount, in any increment.
(d) How long is the offering in effect? The offering continues until terminated by the Secretary.
Collected 2026-08-27T02:25:25Z. Source file · JSON