39 U.S.C. § 2903 — Use of funds from sale of property
submitted 4 years ago by Pub. L. 117-108 to r/title-39-POSTAL-SERVICE · 70 words · no verdicts yet
If the Postal Service permanently stops operating, money from selling its real property must first pay outstanding salary and expense liabilities. Any remainder goes to the Postal Service Retiree Health Benefits Fund.
In the event that the Postal Service permanently ceases operations, any funds derived from the sale of any real property owned by the Postal Service must be used to pay any outstanding liability with respect to the salaries and expenses of any Postal Service employee. The balance of any remaining funds must be deposited into the Postal Service Retiree Health Benefits Fund established under section 8909a of title 5 .
In the event that the Postal Service permanently ceases operations, any funds derived from the sale of any real property owned by the Postal Service shall be used to pay any outstanding liability with respect to the salaries and expenses of any Postal Service employee. The balance of any remaining funds shall be deposited into the Postal Service Retiree Health Benefits Fund established under section 8909a of title 5.
Source credit: (Added Pub. L. 117–108, title I, § 102(d)(1), Apr. 6, 2022, 136 Stat. 1140.)
- 2022Enacted · Pub. L. 117-108 · 136 Stat. 1140
A history note hasn’t been published yet. The record shows enactment by Pub. L. 117-108 on 2022-04-06.
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