Drug War Bond Act of 1989

Summary

Drug War Bond Act of 1989 - Directs the Secretary of the Treasury to issue Drug War Bonds with a 20-year maturity date, including bonds with a maximum denomination $25 maturity value to encourage children and other small investors to purchase them. Authorizes the Secretary to fix an investment yield for such small bonds that is lower than the yield on other Drug War Bond denominations. Directs the Secretary to issue stamps evidencing payment of Drug War Bond purchases. Establishes within the Treasury the Anti-Drug Abuse Trust Fund containing amounts equivalent to bond proceeds. Directs the Secretary to be the trustee of such Fund and to report annually to the Congress regarding its financial status. Directs the Secretary to notify the public that drug war bond purchases will assist anti-drug abuse law enforcement.

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Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 August 1989

  Open at official source

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