31 U.S.C. § 3714: Keeping money due States in default
Where this section sits in the code
- Title 31—MONEY AND FINANCE
- CHAPTER 37—CLAIMS
The Secretary of the Treasury shall keep the necessary amount of money the United States Government owes a State when the State defaults in paying principal or interest on investments in stocks or bonds the State issues or guarantees and that the Government holds in trust. The money shall be used to pay the principal or interest or reimburse, with interest, money the Government advanced for interest due on the stocks or bonds.
Collected 2026-09-10T05:59:03Z. Source file · JSON