31 C.F.R. § 344.0

Current through September 30, 2024
Section 344.0 - What does this part cover?
(a)What is the purpose of the SLGS securities offering? The Secretary of the Treasury (the Secretary) offers for sale non-marketable State and Local Government Series (SLGS) securities to provide issuers of tax-advantaged bonds with investments from any eligible source of funds (as defined in § 344.1 ) to assist issuers in complying with applicable provisions of the Internal Revenue Code.
(b)What types of SLGS securities are governed by this part? This part governs the following SLGS securities:
(1)Time Deposit securities -may be issued as:
(i) Certificates of indebtedness;
(ii) Notes; or
(iii) Bonds.
(2)Demand Deposit securities -may be issued as certificates of indebtedness.
(c)In what denominations are SLGS securities issued? SLGS securities are issued in the following denominations:
(1)Time Deposit securities -a minimum amount of $1,000, or in any larger whole dollar amount; and
(2)Demand Deposit securities -a minimum amount of $1,000, or in any larger amount, in any increment.
(d)How long is the offering in effect? The offering continues until terminated by the Secretary.

31 C.F.R. §344.0

89 FR 15447, 8/26/2024