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► 8 U.S.C. § 1363 8 u.s.c. · immigration and nationality · title 8
8 U.S.C. § 1363
Deposit of and interest on cash received to secure immigration bonds
Title 8 USC
● ACTIVE
Ch. 12
Jurisdiction Federal — United States
Chapter IMMIGRATION AND NATIONALITY
Primary Source uscode.house.gov ↗
Federation ID OM-USC08-SEC-FCA7DB
► STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 8 - ALIENS AND NATIONALITY 8 U.S.C. United States Code, 2023 Edition Title 8 - ALIENS AND NATIONALITY CHAPTER 12 - IMMIGRATION AND NATIONALITY SUBCHAPTER II - IMMIGRATION Part IX - Miscellaneous Sec. 1363 - Deposit of and interest on cash received to secure immigration bonds From the U.S. Government Publishing Office, www.gpo.gov

§1363. Deposit of and interest on cash received to secure immigration bonds

(a) Cash received by the Attorney General as security on an immigration bond shall be deposited in the Treasury of the United States in trust for the obligor on the bond, and shall bear interest payable at a rate determined by the Secretary of the Treasury, except that in no case shall the interest rate exceed 3 per centum per annum. Such interest shall accrue from date of deposit occurring after April 27, 1966, to and including date of withdrawal or date of breach of the immigration bond, whichever occurs first: Provided, That cash received by the Attorney General as security on an immigration bond, and deposited by him in the postal savings system prior to discontinuance of the system, shall accrue interest as provided in this section from the date such cash ceased to accrue interest under the system. Appropriations to the Treasury Department for interest on uninvested funds shall be available for payment of said interest. (b) The interest accruing on cash received by the Attorney General as security on an immigration bond shall be subject to the same disposition as prescribed for the principal cash, except that interest accruing to the date of breach of the immigration bond shall be paid to the obligor on the bond.

(June 27, 1952, ch. 477, title II, ch. 9, §293, as added Pub. L. 91–313, §2, July 10, 1970, 84 Stat. 413.)

Statutory Notes and Related Subsidiaries

Abolition of Immigration and Naturalization Service and Transfer of Functions For abolition of Immigration and Naturalization Service, transfer of functions, and treatment of related references, see note set out under section 1551 of this title.

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The statutory text of 8 U.S.C. § 1363 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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Chapter 12 — IMMIGRATION AND NATIONALITY
8 U.S.C. § 11018 U.S.C. § 11028 U.S.C. § 11038 U.S.C. § 11048 U.S.C. § 11058 U.S.C. § 1105a8 U.S.C. § 11068 U.S.C. § 11078 U.S.C. § 11518 U.S.C. § 1151a8 U.S.C. § 11528 U.S.C. § 11538 U.S.C. § 1153a8 U.S.C. § 11548 U.S.C. § 11558 U.S.C. § 11568 U.S.C. § 11578 U.S.C. § 11588 U.S.C. § 11598 U.S.C. § 11608 U.S.C. § 11618 U.S.C. § 11818 U.S.C. § 11828 U.S.C. § 1182a
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8 U.S.C.
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8 U.S.C. § 1363
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Chapter
12 — IMMIGRATION AND NATIONALITY
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Aliens and Nationality
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Aliens and Nationality — 8 U.S.C. § 1363