{"data":{"id":"us/31-cfr-344.0","jurisdiction":"us","citation":"31 CFR 344.0","heading":"What does this part cover?","body":"(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.\n(b) What types of SLGS securities are governed by this part? This part governs the following SLGS securities:\n(1) Time Deposit securities—may be issued as:\n(i) Certificates of indebtedness;\n(ii) Notes; or\n(iii) Bonds.\n(2) Demand Deposit securities—may be issued as certificates of indebtedness.\n(c) In what denominations are SLGS securities issued? SLGS securities are issued in the following denominations:\n(1) Time Deposit securities—a minimum amount of $1,000, or in any larger whole dollar amount; and\n(2) Demand Deposit securities—a minimum amount of $1,000, or in any larger amount, in any increment.\n(d) How long is the offering in effect? The offering continues until terminated by the Secretary.","path":["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"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-31.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:25Z","sha256":"2c813007db490f74e610b656b286e7c382eea2083030a3b17769717c5695aaf1","source_id":"us-cfr","stale":true,"prev":"us/31-cfr-343.5","next":"us/31-cfr-344.1"},"notice":"GroundRules: Original legal text. Not legal advice."}