61 STAT.] 80TH CONG. , 1ST SESS. - CH. 222-JULY 11, 1947 year next following the fiscal year in which the checks were issued and checks issued in payment of claims settled by the General Account- ing Office on account of any of such checks shall be payable from the special-deposit account or accounts established pursuant to this section: Provided, That in the following classes of cases any original or sub- stitute check shall be payable from the special-deposit account or accounts only after settlement by the General Accounting Office: (1) Where the check is drawn on a designated depositary, (2) where the owner or holder of the check has died or is incompetent, (3) where on presentation of the check for payment the Treasurer of the United States is on notice of a doubtful question of law or fact, and (4) where the check is over ten years old: And provided further, That the limita- tion imposed in respect to certain claims or demands against the United States by the Act of October 9, 1940 (54 Stat. 1061; U. S . C., title 31, sees. 71a, 237), shall not be deemed to apply to original or substitute checks heretofore or hereafter drawn on the Treasurer of the United States, including those drawn by wholly owned and mixed-ownership Government corporations, or drawn by authorized officers of the United States on designated depositaries, but nothing contained in this Act shall be deemed to affect the limitation imposed in respect to claims on account of certain checks by section 2 of the Act of June 22, 1926 (44 Stat. 761; U. S. C., title 31, sec. 122). SEC. 2. The balances deposited to the credit of the outstanding- liabilities account of any fiscal year pursuant to section 21 of the Permanent Appropriation Repeal Act, 1934 (48 Stat. 1235; U. S . C., title 31, sec. 725t), and which have not been covered into the sur- plus fund of the Treasury shall be transferred to the foregoing special-deposit account or accounts and together with the amounts transferred thereto under the provisions of section 1 shall be avail- able to pay any check payable from such account or accounts. SEc. 3. The Secretary of the Treasury is hereby authorized to take such action as may be necessary to transfer at appropriate intervals from the foregoing special-deposit account or accounts to the appropriate receipt account or accounts on the books of the Treasury any amounts not required to effect the purposes of this Act and with the concurrence of the Comptroller General to make such rules and regulations as he may deem necessary or proper for the administration of the provisions of this Act. SEC. 4. (a) Sections 306, 307, 308, 309, and 310 of the Revised Statutes of the United States, as amended (U. S . C., title 31, sees. 149, 150, 151, 152, 153), and section 21 of the Permanent Appropria- tion Repeal Act, 1934 (48 Stat. 1235; U. S. C., title 31, section 725t), are hereby repealed. (b) Section 5 of the Act of July 1, 1916, as amended (U. S . C ., title 31, sec. 154), is hereby amended to read as follows: "At the termination of each fiscal year the General Accounting Office shall report to the Secretary of the Treasury all checks issued by any disbursing officer of the Government or its wholly owned or mixed-ownership corporations, as shown by his accounts rendered to the General Accounting Office, or otherwise, which shall then have been outstanding and unpaid for one full fiscal year after the fiscal year in which issued, stating in such report the date, number, and amount of each check and the symbol on which it was drawn." (c) Subsection (a) of section 3646 of the Revised Statutes of the United States, as amended (U. S. C., 1940 edition, Supp. V, title 31, sec. 528 (a)) is further amended by deleting the phrase "before the close of the fiscal year following the fiscal year in which the original check was issued" and inserting in lieu thereof the phrase "prior to the expiration of ten years from the date on which the original check was issued" and by inserting immediately following the phrase "from 309 Checkspayableafter settlement by GAO. Nonapplicability of certain limitations. Transfer of balances. Transfer of funds. Rules and regula- tions. Repeals. 39 Stat. 336 . Report by GAO. Issuance of substi- tute checks.