---
kind: "section"
citation: "31 C.F.R. § 344.0"
title: "31"
number: "344.0"
heading: "What does this part cover?"
url: "https://uscodex.org/cfr/31/344.0"
---

# §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](/cfr/31/344.1.md)) 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.

## Notes

### 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]