§3304. Transfers of public money from depositaries
As of today
31 U.S.C. § 3304
The Secretary of the Treasury may transfer public money in the possession of a depositary—
to the Treasury; and
if the Secretary believes the safety of the public money and convenience require it, to another depositary.
Notes, amendments, and revision history
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 949.)
| Historical and Revision Notes | ||
|---|---|---|
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
| 3304 | 31:522. | R.S. § 3640. |
In the section, before clause (1), the words “except as provided in section 523 of this title” are omitted as superseded by title 39. The words “of the United States, to the credit of the Treasurer” are omitted as unnecessary. In clause (2), the words “if the Secretary believes the safety of the public money and convenience require it” are substituted for “as the safety of the public moneys and the convenience of the public service shall seem to him to require” for clarity and to eliminate unnecessary words.