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31 U.S.C. § 9107 — Accounts
Federal law — U.S. Code and appendices · legal_authorities
**(a)** With the approval of the Comptroller General, a Government corporation may consolidate its cash into an account if the cash will be expended as provided by law.
**(b)** The Secretary of the Treasury shall keep the accounts of a Government corporation. If the Secretary approves, a Federal reserve bank or a bank designated as a depositary or fiscal agent of the United States Government may keep the accounts. The Secretary may waive the requirements of this subsection.
**(c)**
(1) Subsection (b) of this section does not apply to maintaining a temporary account of not more than $50,000 in one bank.
(2) Subsection (b) of this section does not apply to a mixed-ownership Government corporation when the corporation has no capital of the Government.
(3) Subsection (b) of this section does not apply to the Federal Intermediate Credit Banks, the Central Bank for Cooperatives, the Regional Banks for Cooperatives, or the Federal Land Banks. However, the head of each of those banks shall report each year to the Secretary the names of depositaries where accounts are kept. If the Secretary considers it advisable when an annual report is received, the Secretary may make a written report to the corporation, the President, and Congress.
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Source location: Title 31, Chapter 91, § 9107; chapter-091-government-corporations.md
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**(a)** With the approval of the Comptroller General, a Government corporation may consolidate its cash into an account if the cash will be expended as provided by law.
**(b)** The Secretary of the Treasury shall keep the accounts of a Government corporation. If the Secretary approves, a Federal reserve bank or a bank designated as a depositary or fiscal agent of the United States Government may keep the accounts. The Secretary may waive the requirements of this subsection.
**(c)**
(1) Subsection (b) of this section does not apply to maintaining a temporary account of not more than $50,000 in one bank.
(2) Subsection (b) of this section does not apply to a mixed-ownership Government corporation when the corporation has no capital of the Government.
(3) Subsection (b) of this section does not apply to the Federal Intermediate Credit Banks, the Central Bank for Cooperatives, the Regional Banks for Cooperatives, or the Federal Land Banks. However, the head of each of those banks shall report each year to the Secretary the names of depositaries where accounts are kept. If the Secretary considers it advisable when an annual report is received, the Secretary may make a written report to the corporation, the President, and Congress.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** In this section, “original check”—
(1) means an order for the payment of money—
(A) payable on demand;
(B) that does not bear interest;
(C) drawn by an authorized disbursing official or agent of the United States Government; and
(D) the amount of which is deposited with the Treasury or another account available for payment; and
(2) does not include coins and currency of the Government.
**(b)** When the Secretary of the Treasury is satisfied that an original check is lost, stolen, destroyed in any part, or is so defaced that the value to the owner or holder is impaired, the Secretary may issue a substitute check to the owner or holder of the original check. Except as provided in subsection (c) or (f) of this section, the substitute check is payable from the amount available to pay the original check.
**(c)** When the Secretary is satisfied that an original check drawn on a depositary in a foreign country or a territory or possession of the United States is lost, stolen, destroyed in part, or is so defaced that its value to the owner or holder is impaired, the drawer of the original check (or another official designated by the Secretary with the approval of the head of the agency on whose behalf the original check was issued) may issue to the owner or holder of the check a substitute check. The drawer or official shall issue the substitute check by the last day of the fiscal year after the fiscal year in which the original check was issued—
(1) using the current date; and
(2) drawn on the account of the drawer of the original check or another account available for payment of the substitute.
**(d)** A substitute check issued under this section—
(1) may be paid only if the original check has not been paid;
(2) shall include information necessary
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 3331
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Federal law — U.S. Code and appendices · legal_authorities
Page 578
TITLE 31—MONEY AND FINANCE
§ 9107
(F) the report resulting from an audit of the
financial statements of the corporation con-
ducted under section 9105 of this title; and
(G) any other comments and information
necessary to inform the Congress about the
operations and financial condition of the cor-
poration.
(b) A Government corporation shall provide
the President, the Director of the Office of Man-
agement and Budget, and the Comptroller Gen-
eral of the United States a copy of the manage-
ment report when it is submitted to Congress.
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 1044; Pub.
L. 101–576, title III, § 306(a), Nov. 15, 1990, 104
Stat. 2854.)
HISTORICAL AND REVISION NOTES
Revised
Section
Source (U.S. Code)
Source (Statutes at Large)
9106(a) .....
31:851(1st–3d sen-
tences).
Dec. 6, 1945, ch. 557, § 106, 59
Stat. 599; Aug. 30, 1964, Pub.
L. 88–518, § 2(b), 78 Stat. 698;
Jan. 2, 1975, Pub. L. 93–604,
§ 601(b), 88 Stat. 1962.
31:858(1st–3d sen-
tences).
Dec. 6, 1945, ch. 557, § 203, 59
Stat. 600; Aug. 30, 1964, Pub.
L. 88–518, § 1(b), 78 Stat. 698;
Jan. 2, 1975, Pub. L. 93–604,
§ 601(d), 88 Stat. 1963.
9106(b) .....
31:851(last sen-
tence).
31:858(last sen-
tence).
In subsection (a), before clause (1), the words ‘‘of a
Government corporation’’ are added for clarity. In
clause (5), the words ‘‘program, expenditure, or other’’,
‘‘observed in the course of the audit’’, and ‘‘of law’’ are
omitted as surplus. In clause (6), the word ‘‘statement’’
is substituted for ‘‘report’’ for consistency. The words
‘‘noted in the audit’’ are omitted as surplus. The word
‘‘made’’ is substituted for ‘‘accomplished’’ for consist-
ency. In clause (7), the word ‘‘other’’ is added for clar-
ity because of the restatement. The words ‘‘with re-
spe
Source: Supplied 2024 U.S. Code historical extraction · 31 U.S.C. § 9107
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