[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: 31CFR340.11]

[Page 238-239]
 
                  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. 340.11  Failure to complete transaction.

    If any successful bidder shall fail to pay in full for the bonds on 
the date

[[Page 239]]

and at the place specified in the invitation, the money deposited by or 
in behalf of such bidder shall be forfeited to the Treasury Department.