31 USC 3107: Increasing interest rates and investment yields on retirement bonds
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31 USC 3107: Increasing interest rates and investment yields on retirement bonds Text contains those laws in effect on November 20, 2024
From Title 31-MONEY AND FINANCESUBTITLE III-FINANCIAL MANAGEMENTCHAPTER 31-PUBLIC DEBTSUBCHAPTER I-BORROWING AUTHORITY
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§3107. Increasing interest rates and investment yields on retirement bonds

With the approval of the President, the Secretary of the Treasury may increase by regulation the interest rate or investment yield on an offering of bonds issued under this chapter that are described in sections 405(b) and 409(a) of the Internal Revenue Code of 1954 (26 U.S.C. 405(b), 409(a)), as in effect before the enactment of the Tax Reform Act of 1984. The increased yield shall be for interest accrual periods specified in the regulations so that the interest rate or investment yield on the bonds for those periods is consistent with the interest rate or investment yield on a new offering of those bonds.

( Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 941 ; Pub. L. 98–369, div. A, title IV, §491(d)(59), July 18, 1984, 98 Stat. 852 .)

Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large)
3107 31:752(last par.). Sept. 24, 1917, ch. 56, 40 Stat. 288 , §1(last par.); added Dec. 24, 1980, Pub. L. 96–595, §2(a), 94 Stat. 3465 .

The words "interest rate" are added for consistency in the chapter and with 26:405(b) and 409(a).


Editorial Notes

References in Text

Sections 405(b) and 409(a) of the Internal Revenue Code of 1954 (26 U.S.C. 405(b), 409(a)), referred to in text, were repealed by Pub. L. 98–369, div. A, title IV, §491(a), (b), July 18, 1984, 98 Stat. 848 .

Enactment of the Tax Reform Act of 1984, referred to in text, means the date of enactment of division A of Pub. L. 98–369, which was approved July 18, 1984.

Amendments

1984-Pub. L. 98–369 inserted ", as in effect before the enactment of the Tax Reform Act of 1984" after "(26 U.S.C. 405(b), 409(a))".


Statutory Notes and Related Subsidiaries

Effective Date of 1984 Amendment

Amendment by Pub. L. 98–369 applicable to obligations issued after Dec. 31, 1983, see section 491(f)(1) of Pub. L. 98–369, set out as a note under section 62 of Title 26, Internal Revenue Code.