Volume 73 · 157
Public Law 86–74
To increase the amounts of obligations, issued under the Second Liberty Bond Act, which may be outstanding at any one time.
Approved June 30, 1959
Statutory text
AN ACT
To increase the amounts of obligations, issued under the Second Liberty Bond Act, which may be outstanding at any one time.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That the first sentence of section 21 of the Second Liberty Bond Act, as amended (31 U.S.C., sec. 757b), is amended to read as follows: “The face
amounts of obligations issued under authority of this Act, and the face amounts of obligations guaranteed as to principal and interest by the United States (except such guaranteed obligations as may be held by the Secretary of the Treasury), shall not exceed in the aggregate $285,000,000,000 outstanding at any one time.”
Sec. 2.
During the period beginning on July 1, 1959, and ending on June 30, 1900, the public debt limit set forth in the first sentence of section 21 of the Second Liberty Bond Act, as amended, shall be temporarily increased by $10,000,000,000.
Sec. 3.
This Act may be cited as the “Public Debt Act of 1959
Short title.
”.
Approved June 30, 1959.