[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR340.1]

[Page 237]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 340--REGULATIONS GOVERNING THE SALE OF TREASURY BONDS THROUGH COMPETITIVE BIDDING--Table of Contents
 
Sec. 340.1  Public notice--description of bonds--terms of offer.

    When bonds are offered for sale through competitive bidding, bids 
therefor will be invited through the form of a public notice or notices 
issued by the Secretary of the Treasury. The notice or notices will 
either fix the coupon rate of interest to be borne by the bonds or 
prescribe the conditions under which bidders may specify the rate and 
will set forth the terms and conditions of the bonds, including 
maturities, call features, if any, and the terms and conditions of the 
offer, including the amount of the issue for which bids are invited, the 
date and closing hour for receipt of bids, and the date on which the 
bonds will be delivered and payment for any accepted bid must be 
completed. When so specified in the public notice, it shall be a 
condition of each bid that, if accepted by the Secretary of the 
Treasury, the bidder will make a bona fide reoffering to the investing 
public.