Current as of January 01, 2018 | Updated by FindLaw Staff
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(a) The Secretary of the Treasury may issue United States currency notes. The notes--
(1) are payable to bearer; and
(2) shall be in a form and in denominations of at least one dollar that the Secretary prescribes.
(b) The amount of United States currency notes outstanding and in circulation--
(1) may not be more than $300,000,000; and
(2) may not be held or used for a reserve.
Cite this article: FindLaw.com - 31 U.S.C. § 5115 - U.S. Code - Unannotated Title 31. Money and Finance § 5115. United States currency notes - last updated January 01, 2018 | https://codes.findlaw.com/us/title-31-money-and-finance/31-usc-sect-5115/
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