§344.0. What does this part cover?
31 C.F.R. § 344.0
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.
What types of SLGS securities are governed by this part? This part governs the following SLGS securities:
Time Deposit securities— may be issued as:
Certificates of indebtedness;
Notes; or
Bonds.
Demand Deposit securities— may be issued as certificates of indebtedness.
In what denominations are SLGS securities issued? SLGS securities are issued in the following denominations:
Time Deposit securities— a minimum amount of $1,000, or in any larger whole dollar amount; and
Demand Deposit securities— a minimum amount of $1,000, or in any larger amount, in any increment.
How long is the offering in effect? The offering continues until terminated by the Secretary.
Notes, amendments, and revision history
Amendments
[70 FR 37911, June 30, 2005, as amended at 89 FR 15447, Mar. 4, 2024]
Source
Source: 70 FR 37911, June 30, 2005, unless otherwise noted.
Authority
Authority: 26 U.S.C. 141 note; 31 U.S.C. 3102, 3103, 3104, and 3121.
Source
Source: 65 FR 55405, Sept. 13, 2000, unless otherwise noted.
Amendments
[70 FR 37911, June 30, 2005, as amended at 89 FR 15447, Mar. 4, 2024]