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Title 8 — Aliens and NationalityRelease 119-73not60

§1363 Deposit of and Interest on Cash Received to Secure Immigration Bonds

Title 8 › Chapter 12— IMMIGRATION AND NATIONALITY › Subchapter II— IMMIGRATION › Part IX— Miscellaneous › § 1363

Last updated Apr 3, 2026|Official source

Summary

Cash given as security for an immigration bond must be kept in the U.S. Treasury for the person who posted the bond. The Secretary of the Treasury sets the interest rate, but it can never be more than 3 percent per year. Interest applies from deposits made after April 27, 1966 until the money is withdrawn or the bond is broken. Money from the old postal savings system starts earning under these rules when postal interest stopped, and Treasury funds may be used to pay the interest. The interest is handled the same way as the main cash, except any interest earned up to the day the bond is broken must be paid to the person who posted the bond.

Full Legal Text

Title 8, §1363

Aliens and Nationality — Source: USLM XML via OLRC

(a)Cash received by the Attorney General as security on an immigration bond shall be deposited in the Treasury of the United States in trust for the obligor on the bond, and shall bear interest payable at a rate determined by the Secretary of the Treasury, except that in no case shall the interest rate exceed 3 per centum per annum. Such interest shall accrue from date of deposit occurring after April 27, 1966, to and including date of withdrawal or date of breach of the immigration bond, whichever occurs first: Provided, That cash received by the Attorney General as security on an immigration bond, and deposited by him in the postal savings system prior to discontinuance of the system, shall accrue interest as provided in this section from the date such cash ceased to accrue interest under the system. Appropriations to the Treasury Department for interest on uninvested funds shall be available for payment of said interest.
(b)The interest accruing on cash received by the Attorney General as security on an immigration bond shall be subject to the same disposition as prescribed for the principal cash, except that interest accruing to the date of breach of the immigration bond shall be paid to the obligor on the bond.

Legislative History

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Abolition of Immigration and Naturalization Service and

Transfer of Functions

For abolition of Immigration and Naturalization Service,

Transfer of Functions

, and treatment of related references, see note set out under section 1551 of this title.

Reference

Citations & Metadata

Citation

8 U.S.C. § 1363

Title 8 — Aliens and Nationality

Last Updated

Apr 3, 2026

Release point: 119-73not60