31 U.S.C. § 5115 : US Code - Section 5115: United States currency notes

Search 31 U.S.C. § 5115 : US Code - Section 5115: United States currency notes

(a) The Secretary of the Treasury may issue United States
currency notes. The notes -
(1) are payable to bearer; and
(2) shall be in a form and in denominations of at least one
dollar that the Secretary prescribes.
(b) The amount of United States currency notes outstanding and in
circulation -
(1) may not be more than $300,000,000; and
(2) may not be held or used for a reserve.