Us Code § 1306 - Use of foreign credits
Full text of Us Code United States Code § 1306 — Use of foreign credits, with citation guidance and answers to common questions.
§ 1306. Use of foreign credits
(a)
(b)
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 918; Pub. L. 104–208, div. A, title I, §101(f) [title VI, §612(a)], Sept. 30, 1996, 110 Stat. 3009–314, 3009–355.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 1306 | 31:724. | July 15, 1952, ch. 758, §1415, 66 Stat. 662. |
The words "are not available for expenditure by agencies except as provided annually in general appropriation laws" are substituted for "will not be available for expenditure by agencies of the United States after June 30, 1953, except as may be provided for annually in appropriation Acts" because of section 101 of the revised title.
Editorial Notes
Amendments
1996—Pub. L. 104–208 reenacted section catchline without change and amended text generally. Prior to amendment, text read as follows: "Foreign credits owed to or owned by the Treasury are not available for expenditure by agencies except as provided annually in general appropriation laws."
Statutory Notes and Related Subsidiaries
Effective Date of 1996 Amendment
Pub. L. 104–208, div. A, title I, §101(f) [title VI, §612(b)], Sept. 30, 1996, 110 Stat. 3009–314, 3009–356, provided that: "The amendment made by this section [amending this section] shall take effect on the date of the enactment of this Act [Sept. 30, 1996] and shall apply thereafter."
Appropriations of Excess Currencies
Pub. L. 102–391, title V, §566, Oct. 6, 1992, 106 Stat. 1680, provided that: "The provisions of section 1306 of title 31, United States Code, shall not be waived to carry out the provisions of the Foreign Assistance Act of 1961 [22 U.S.C. 2151 et seq.] by any provision of law enacted after the date of enactment of this Act [Oct. 6, 1992] unless such provision makes specific reference to this section."
Similar provisions were contained in the following prior appropriations acts:
Pub. L. 101–513, title V, §570, Nov. 5, 1990, 104 Stat. 2041.
Pub. L. 101–167, title V, §583, Nov. 21, 1989, 103 Stat. 1251.
About This Section
31 U.S.C. § 1306 is part of Title 31 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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