Title 31, Money and FinanceRelease 119-102
§3108 Prohibition Against Circulation Privilege
Title 31 › SUBTITLE III — FINANCIAL MANAGEMENT › CHAPTER 31 — PUBLIC DEBT › SUBCHAPTER I — BORROWING AUTHORITY › § 3108
Summary
Any obligation issued under sections 3102–3104(a)(1) and 3105–3107 of this title cannot be given the circulation privilege.
Full Legal Text
Title 31, §3108
Money and Finance, Source: USLM XML via OLRC
An obligation issued under section 3102–3104(a)(1) and 3105–3107 of this title may not bear the circulation privilege.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 310831:753(d)(1st sentence).Sept. 24, 1917, ch. 56, 40 Stat. 288, § 18(d)(1st sentence); added Mar. 3, 1919, ch. 100, § 1, 40 Stat. 1310. 31:757c(d)(last sentence).Sept. 24, 1917, ch. 56, 40 Stat. 288, § 22(d)(last sentence); added Feb. 4, 1935, ch. 5, § 6, 49 Stat. 21; restated Feb. 19, 1941, ch. 7, § 3, 55 Stat. 8. 31:757c–2(c)(last sentence).Sept. 24, 1917, ch. 56, 40 Stat. 288, § 22A(c)(last sentence); added Nov. 8, 1966, Pub. L. 89–800, § 5, 80 Stat. 1515. 31:758.Sept. 24, 1917, ch. 56, § 7(1st sentence), 40 Stat. 291. The reference in 31:758 to certificates authorized under 31:757 is omitted because the authority under 31:757 was ended by section 2(b)(3) of the Public Debt Act of 1941 (ch. 7, 55 Stat. 7).
Reference
Citations & Metadata
Citation
31 U.S.C. § 3108
Title 31, Money and Finance
Last Updated
Aug 21, 2026
Release point: 119-102