# § 703. Allotments: members of Coast Guard
Members of the Coast Guard may, under regulations prescribed by the Secretary of Homeland Security, make allotments from their pay and allowances.
---
**Source Credit**: (Pub. L. 87–649, Sept. 7, 1962, 76 Stat. 484; Pub. L. 90–623, § 3(1), Oct. 22, 1968, 82 Stat. 1314; Pub. L. 107–296, title XVII, § 1704(c), Nov. 25, 2002, 116 Stat. 2314.)
| Revised section | Source (U.S. Code) | Source (Statutes at Large) |
| --- | --- | --- |
| 703 | 14:464. | [None.] |
The words “members of the Coast Guard” are substituted for the words “officers and enlisted men”, since together they compose the entire membership.
## Editorial Notes
### Amendments
2002— substituted “Secretary of Homeland Security” for “Secretary of Transportation”.
1968— substituted “Secretary of Transportation” for “Secretary of the Treasury”.
## Statutory Notes and Related Subsidiaries
### Effective Date of 2002 Amendment
Amendment by effective on the date of transfer of the Coast Guard to the Department of Homeland Security, see , set out as a note under , Armed Forces.
### Effective Date of 1968 Amendment
Amendment by intended to restate without substantive change the law in effect on , see , set out as an Effective Date of 1968 Amendment note under , Government Organization and Employees.