31 USC 3341 – Sale of Government warrants, checks, drafts, and obligations
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(a) A disbursing official of the United States Government may sell a Government warrant, check, draft, or obligation not the property of the official at a premium, or dispose of the proceeds of the warrant, check, draft, or obligation, only if the official deposits the premium and the proceeds in the Treasury or with a depositary for the credit of the Government.
Terms Used In 31 USC 3341
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(b) A disbursing official violating subsection (a) of this section shall be dismissed immediately.