31 USC 5115 - United States currency notes

U.S Code last checked for updates: Nov 23, 2024

§ 5115.

United States currency notes

(a)

The Secretary of the Treasury may issue United States currency notes. The notes—

(1)

are payable to bearer; and

(2)

shall be in a form and in denominations of at least one dollar that the Secretary prescribes.

(b)

The amount of United States currency notes outstanding and in circulation—

(1)

may not be more than $300,000,000; and

(2)

may not be held or used for a reserve.

(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 983.)

cite as: 31 USC 5115