§ 3335. Timely disbursement of Federal funds

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1990

   Cash Management Improvement Act of 1990

   Pub. L. 101–453 § 4(a) · 104 Stat. 1058

   Enacted · 31 U.S.C. § 3335

   (Added Pub. L. 101–453, § 4(a), Oct. 24, 1990, 104 Stat. 1058.)

   Source evidence

   Code source credit
   (Added Pub. L. 101–453, § 4(a), Oct. 24, 1990, 104 Stat. 1058.)

   Enacted provision · exact public law section
   (a) In General.— Subchapter II of chapter 33 of title 31, United States Code, is amended by adding at the end thereof the following: “§ 3335. Timely disbursement of Federal funds “(a) Each head of an executive agency (other than the Tennessee Valley Authority) shall, under such regulations as the Secretary of the Treasury shall prescribe, provide for the timely disbursement of Federal funds through cash, checks, electronic funds transfer, or any other means identified by the Secretary. “(b) The Secretary may collect from any executive agency which does not comply with subsection (a) a charge in an amount the Secretary determines to be the cost to the general fund of the Treasury caused by such noncompliance. “(c) The amounts of charges collected from an executive agency under this section shall be deposited in the Treasury and credited as miscellaneous receipts. “(d) Any charge assessed by the Secretary under this section, to the maximum extent practicable— “(1) shall be paid out of appropriations available for executive agency operations; and “(2) shall not be paid from amounts available for funding programs of an executive agency.”.

1 of 1 references resolved to an enrolled provision