US Code

Public Law 119-88 (05/04/2026)

31 U.S.C. § 1306

Use of foreign credits

(a)

In General .—

Foreign credits (including currencies) owed to or owned by the United States may be used by any agency for any purpose for which appropriations are made for the agency for the current fiscal year (including the carrying out of Acts requiring or authorizing the use of such credits), but only when reimbursement therefor is made to the Treasury from applicable appropriations of the agency.
(b)

Exception to Reimbursement Requirement .—

Credits described in subsection (a) that are received as exchanged allowances, or as the proceeds of the sale of personal property, may be used in whole or partial payment for the acquisition of similar items, to the extent and in the manner authorized by law, without reimbursement to the Treasury.

Pub. L. 97–25896 Stat. 918 Pub. L. 104–208, div. A, title I, § 101(f) [title VI, § 612(a)]110 Stat. 3009–314 (, , ; , , , 3009–355.)

Historical and Revision Notes

Revised Section

Source (U.S. Code)

Source (Statutes at Large)

1306

31:724.

July 15, 1952, ch. 758, § 1415, 66 Stat. 662.

The words “are not available for expenditure by agencies except as provided annually in general appropriation laws” are substituted for “will not be available for expenditure by agencies of the United States after , except as may be provided for annually in appropriation Acts” because of section 101 of the revised title.

Editorial Notes

Amendments

Pub. L. 104–2081996— reenacted section catchline without change and amended text generally. Prior to amendment, text read as follows: “Foreign credits owed to or owned by the Treasury are not available for expenditure by agencies except as provided annually in general appropriation laws.”

Statutory Notes and Related Subsidiaries

Effective Date of 1996 Amendment

Pub. L. 104–208, div. A, title I, § 101(f) [title VI, § 612(b)]110 Stat. 3009–314

“The amendment made by this section [amending this section] shall take effect on the date of the enactment of this Act [] and shall apply thereafter.”
, , , 3009–356, provided that:

Appropriations of Excess Currencies

Pub. L. 102–391, title V, § 566106 Stat. 1680

section 1306 of title 3122 U.S.C. 2151“The provisions of , United States Code, shall not be waived to carry out the provisions of the Foreign Assistance Act of 1961 [ et seq.] by any provision of law enacted after the date of enactment of this Act [] unless such provision makes specific reference to this section.”
, , , provided that:

Similar provisions were contained in the following prior appropriations acts:

Pub. L. 101–513, title V, § 570104 Stat. 2041 , , .

Pub. L. 101–167, title V, § 583103 Stat. 1251 , , .