Code of Federal Regulations · Section
§ 363.143 — How Do I Purchase A Security Using The Redemption Proceeds Of My Zero-percent Certificate Of Indebtedness?
31 C.F.R. § 363.143
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You may purchase an eligible security by redeeming all or a portion of your zero-percent certificate of indebtedness and applying the proceeds toward the purchase of another eligible security. To do this, your zero-percent certificate of indebtedness must be of sufficient value to cover the cost of the security. If you are paying for a security using the redemption proceeds of a zero-percent certificate of indebtedness, you must pay the full amount of the purchase price of the security using the redemption proceeds.
Authorizing Statute
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Bonds31 U.S.C. § 3102
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Departmental regulations5 U.S.C. § 301
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Procedure31 U.S.C. § 3121