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Code of Federal Regulations Title 31. Money and Finance–Treasury § 31.363.136 Do zero-percent certificates of indebtedness pay interest?

Current as of January 02, 2025 | Updated by Findlaw Staff

Zero-percent certificates of indebtedness do not pay any interest. However, the Secretary may prescribe a rate of interest, or change the interest rate, for zero-percent certificates of indebtedness by announcement at any time. The new rate would apply to zero-percent certificates of indebtedness issued thereafter, as provided in the announcement. The Secretary's determination of the rate will be final.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 31. Money and Finance–Treasury § 31.363.136 Do zero-percent certificates of indebtedness pay interest? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-31-money-and-finance-treasury/cfr-sect-31-363-136/

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