SECTION 3302
(a) Except as provided by another law, an official or agent of the
United States Government having custody or possession of public money
shall keep the money safe without—
(1) lending the money;
(2) using the money;
(3) depositing the money in a bank; and
(4) exchanging the money
for other amounts.
(b) Except as provided
in section 3718(b) of this title, an official or agent of the Government
receiving money for the Government from any source shall deposit the
money in the Treasury as soon as practicable without deduction for
any charge or claim.
(c) (1) A person having custody or
possession of public money, including a disbursing official having
public money not for current expenditure, shall deposit the money
without delay in the Treasury or with a depositary designated by the
Secretary of the Treasury under law. Except as provided in paragraph
(2), money required to be deposited pursuant to this subsection shall
be deposited not later than the third day after the custodian receives
the money. The Secretary or a depositary receiving a deposit shall
issue duplicate receipts for the money deposited. The original receipt
is for the Secretary and the duplicate is for the custodian.
(2) The Secretary of the Treasury
may by regulation prescribe that a person having custody or possession
of money required by this subsection to be deposited shall deposit
such money during a period of time that is greater or lesser than
the period of time specified by the second sentence of paragraph (1).
(d) An official or agent not complying
with subsection (b) of this section may be removed from office. The
official or agent may be required to forfeit to the Government any
part of the money held by the official or agent and to which the official
or agent may be entitled.
(e) An official or agent
of the Government having custody or possession of public money shall
keep an accurate entry of each amount of public money received, transferred,
and paid.
(f) When authorized by the Secretary,
an official or agent of the Government having custody or possession
of public money, or performing other fiscal agent services, may be
allowed necessary expenses to collect, keep, transfer, and pay out
public money and to perform those services. However, money appropriated
for those expenses may not be used to employ or pay officers and employees
of the Government.
[31 USC 3302. Previously
31 USC 521, 484, 495, 490, 525, 545, and 1023(b) (RS 3639, 3617, 3621,
3619, 3643 and 3653, and act of June 1, 1955 § 1(b) (69 Stat. 82)).
Restated and recodified by act of Sept. 13, 1982 (96 Stat. 948). As
amended by act of July 18, 1984 (98 Stat. 1152).]