Title 31Money and FinanceRelease 119-73

§3341 Sale of Government warrants, checks, drafts, and obligations

Title 31 › Subtitle SUBTITLE III— - FINANCIAL MANAGEMENT › Chapter CHAPTER 33— - DEPOSITING, KEEPING, AND PAYING MONEY › Subchapter SUBCHAPTER III— - MISCELLANEOUS › § 3341

Last updated Apr 6, 2026|Official source

Summary

Government payment officials may sell a government warrant, check, draft, or obligation they do not own for a premium only if they put the premium and all sale money into the U.S. Treasury or a government deposit account. Anyone who breaks this rule must be dismissed immediately.

Full Legal Text

Title 31, §3341

Money and Finance — Source: USLM XML via OLRC

(a)A disbursing official of the United States Government may sell a Government warrant, check, draft, or obligation not the property of the official at a premium, or dispose of the proceeds of the warrant, check, draft, or obligation, only if the official deposits the premium and the proceeds in the Treasury or with a depositary for the credit of the Government.
(b)A disbursing official violating subsection (a) of this section shall be dismissed immediately.

Legislative History

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 3341(a)31:544(words before last semicolon).R.S. § 3652. 3341(b)31:544(words after last semicolon). In subsection (a), the words “disbursing official” are substituted for “officer” for clarity and consistency in the revised title. The words “either directly or indirectly” and “or dispose of to any person” are omitted as surplus. The words “Government warrant, check, draft, or obligation” are substituted for “Treasury note, draft, warrant, or other public security” for consistency in the revised title. The words “or sell . . . avails or . . . in his hands for disbursement” are omitted as surplus. The words “only if the official deposits the premium and the proceeds in the Treasury or with a depositary” are substituted for “without making return of such premium, and accounting therefor by charging the same in his account” for clarity and consistency in the chapter. In subsection (b), the words “from office” are omitted as unnecessary.

Reference

Citations & Metadata

Citation

31 U.S.C. § 3341

Title 31Money and Finance

Last Updated

Apr 6, 2026

Release point: 119-73