31 USC 1306 - Use of foreign credits

Historical and Revision Notes
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—Puspan. 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

Puspan. L. 104–208, div. A, title I, § 101(f) [title VI, § 612(span)], 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

Puspan. 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:

Puspan. L. 101–513, title V, § 570, Nov. 5, 1990, 104 Stat. 2041.

Puspan. L. 101–167, title V, § 583, Nov. 21, 1989, 103 Stat. 1251.