8 U.s.c. 1363

TITLE 8--ALIENS AND NATIONALITY

CHAPTER 12--IMMIGRATION AND NATIONALITY

SUBCHAPTER II--IMMIGRATION

Part IX--Miscellaneous

Sec. 1363. Deposit of and interest on cash received to secure

immigration bonds

(a) Cash received by the Attorney General as security on an

immigration bond shall be deposited in the Treasury of the United States

in trust for the obligor on the bond, and shall bear interest payable at

a rate determined by the Secretary of the Treasury, except that in no

case shall the interest rate exceed 3 per centum per annum. Such

interest shall accrue from date of deposit occurring after April 27,

1966, to and including date of withdrawal or date of breach of the

immigration bond, whichever occurs first: Provided, That cash received

by the Attorney General as security on an immigration bond, and

deposited by him in the postal savings system prior to discontinuance of

the system, shall accrue interest as provided in this section from the

date such cash ceased to accrue interest under the system.

Appropriations to the Treasury Department for interest on uninvested

funds shall be available for payment of said interest.

(b) The interest accruing on cash received by the Attorney General

as security on an immigration bond shall be subject to the same

disposition as prescribed for the principal cash, except that interest

accruing to the date of breach of the immigration bond shall be paid to

the obligor on the bond.