# 31 U.S.C. § 3714: Keeping money due States in default

> Federal · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/usc_t31_s3714

## Section

- **Citation:** 31 U.S.C. § 3714
- **Heading:** Keeping money due States in default
- **Jurisdiction:** Federal
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** September 16, 2026
- **Source:** Publisher's official text
- **Location:** Title 31—MONEY AND FINANCE > SUBTITLE III—FINANCIAL MANAGEMENT > CHAPTER 37—CLAIMS > SUBCHAPTER II—CLAIMS OF THE UNITED STATES GOVERNMENT

## Text

The Secretary of the Treasury shall keep the necessary amount of money the United States Government owes a State when the State defaults in paying principal or interest on investments in stocks or bonds the State issues or guarantees and that the Government holds in trust. The money shall be used to pay the principal or interest or reimburse, with interest, money the Government advanced for interest due on the stocks or bonds.

( Pub. L. 97–258 , Sept. 13, 1982 , 96 Stat. 972 .)

## Nearby sections

- [31 U.S.C. § 3701 Definitions and application](https://www.frixlaw.com/law-library/statutes/usc_t31_s3701.md)
- [31 U.S.C. § 3702 Authority to settle claims](https://www.frixlaw.com/law-library/statutes/usc_t31_s3702.md)
- [31 U.S.C. § 3711 Collection and compromise](https://www.frixlaw.com/law-library/statutes/usc_t31_s3711.md)
- [31 U.S.C. § 3712 Time limitations for presenting certain claims of the Government](https://www.frixlaw.com/law-library/statutes/usc_t31_s3712.md)
- [31 U.S.C. § 3713 Priority of Government claims](https://www.frixlaw.com/law-library/statutes/usc_t31_s3713.md)
- [31 U.S.C. § 3714 Keeping money due States in default](https://www.frixlaw.com/law-library/statutes/usc_t31_s3714.md)
- [31 U.S.C. § 3715 Buying real property of a debtor](https://www.frixlaw.com/law-library/statutes/usc_t31_s3715.md)
- [31 U.S.C. § 3716 Administrative offset](https://www.frixlaw.com/law-library/statutes/usc_t31_s3716.md)
- [31 U.S.C. § 3717 Interest and penalty on claims](https://www.frixlaw.com/law-library/statutes/usc_t31_s3717.md)
- [31 U.S.C. § 3718 Contracts for collection services](https://www.frixlaw.com/law-library/statutes/usc_t31_s3718.md)
- [31 U.S.C. § 3719 Reports on debt collection activities](https://www.frixlaw.com/law-library/statutes/usc_t31_s3719.md)
- [31 U.S.C. § 3720 Collection of payments](https://www.frixlaw.com/law-library/statutes/usc_t31_s3720.md)
- [31 U.S.C. § 3720A Reduction of tax refund by amount of debt](https://www.frixlaw.com/law-library/statutes/usc_t31_s3720A.md)
- [31 U.S.C. § 3720B Barring delinquent Federal debtors from obtaining Federal loans or loan insurance guarantees](https://www.frixlaw.com/law-library/statutes/usc_t31_s3720B.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/usc_t31_s3714. Check the current official text before relying on it. Not legal advice.