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39 U.S.C. § 2002 — Capital of the Postal Service
Federal law — U.S. Code and appendices · legal_authorities
**(a)** The initial capital of the Postal Service shall consist of the equity, as reflected in the budget of the President, of the Government of the United States in the former Post Office Department. The value of assets and the amount of liabilities transferred to the Postal Service upon the commencement of operations of the Postal Service shall be determined by the Postal Service subject to the approval of the Comptroller General, in accordance with the following guidelines:
(1) Assets shall be valued on the basis of original cost less depreciation, to the extent that such value can be determined. The value recorded on the former Post Office Department’s books of account shall be prima facie evidence of asset value.
(2) All liabilities attributable to operations of the former Post Office Department shall remain liabilities of the Government of the United States, except that upon commencement of operations of the Postal Service, the unexpended balances of appropriations made to, held or used by, or available to the former Post Office Department and all liabilities chargeable thereto shall become assets and liabilities, respectively, of the Postal Service.
**(b)** The capital of the Postal Service at any time shall consist of its assets, including the balance in the Fund and the balance in the Competitive Products Fund, less its liabilities.
**(c)** The Postal Service, and the Administrator of General Services where properties under the jurisdiction of the Administrator are involved, with the approval of the Director of the Office of Management and Budget, shall determine which Federal properties shall be transferred to the Postal Service and which shall remain under the jurisdiction of any other department, agency, or establishment of the Government of the United S
Source: Supplied U.S. Code snapshot — release unconfirmed · 39 U.S.C. § 2002
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Stable record: federal_law:legal_authorities:record_usc_a78e9601a85aca92e429afd3
Source file: Laws/federal/codes/united-states-code/title-39/section-2002-capital-of-the-postal-service--b487f0f60b.md
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Source location: Title 39, Chapter 20, § 2002; chapter-020-finance.md
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**(a)** The initial capital of the Postal Service shall consist of the equity, as reflected in the budget of the President, of the Government of the United States in the former Post Office Department. The value of assets and the amount of liabilities transferred to the Postal Service upon the commencement of operations of the Postal Service shall be determined by the Postal Service subject to the approval of the Comptroller General, in accordance with the following guidelines:
(1) Assets shall be valued on the basis of original cost less depreciation, to the extent that such value can be determined. The value recorded on the former Post Office Department’s books of account shall be prima facie evidence of asset value.
(2) All liabilities attributable to operations of the former Post Office Department shall remain liabilities of the Government of the United States, except that upon commencement of operations of the Postal Service, the unexpended balances of appropriations made to, held or used by, or available to the former Post Office Department and all liabilities chargeable thereto shall become assets and liabilities, respectively, of the Postal Service.
**(b)** The capital of the Postal Service at any time shall consist of its assets, including the balance in the Fund and the balance in the Competitive Products Fund, less its liabilities.
**(c)** The Postal Service, and the Administrator of General Services where properties under the jurisdiction of the Administrator are involved, with the approval of the Director of the Office of Management and Budget, shall determine which Federal properties shall be transferred to the Postal Service and which shall remain under the jurisdiction of any other department, agency, or establishment of the Government of the United States upon the commencement of operations of the Postal Service. The transfer shall be accomplished at the time of or as near as possible to the commencement of operations of the Postal Service and the valuation of the assets and capital of the Postal Service shall be adjusted accordingly. The following properties shall be included in the transfer:
(1) the mail equipment shops located in Washington, District of Columbia;
(2) all machinery, equipment, and appurtenances of the former Post Office Department;
(3) all real property whose ownership was acquired by the Postmaster General under former [section 2103 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title39-section2103&num=0&edition=prelim), as in effect immediately prior to the effective date of this section, or which immediately prior to such effective date, is under the administration of the former Post Office Department for the purpose of constructing a postal building from funds appropriated or transferred to the former Post Office Department, together with all funds appropriated or allocated therefor;
(4) all real property 55 percent or more of which is occupied by or under control of the former Post Office Department immediately prior to the effective date of this section;
(5) all contracts, records, and documents relating to the operation of the departmental service and the postal field service of the former Post Office Department; and
(6) all other property and assets of the former Post Office Department.
**(d)** After the commencement of operations of the Postal Service, the President is authorized to transfer to the Postal Service, and the Postal Service is authorized to transfer to other departments, agencies, or independent establishments of the Government of the United States, with or without reimbursement, any property of that department, agency, or independent establishment and the Postal Service, respectively, when the public interest would be served by such transfer.
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Federal law — U.S. Code and appendices · legal_authorities
Executive agencies within the meaning of [section 105 of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section105&num=0&edition=prelim) and the Government Publishing Office are authorized to furnish property, both real and personal, and personal and nonpersonal services to the Postal Service, and the Postal Service is authorized to furnish property and services to them. The furnishing of property and services under this section shall be under such terms and conditions, including reimbursability within the limitations of chapter 37, as the Postal Service and the head of the agency concerned shall deem appropriate.
Source: Supplied U.S. Code snapshot — release unconfirmed · 39 U.S.C. § 411
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** The United States Postal Service shall be operated as a basic and fundamental service provided to the people by the Government of the United States, authorized by the Constitution, created by Act of Congress, and supported by the people. The Postal Service shall have as its basic function the obligation to provide postal services to bind the Nation together through the personal, educational, literary, and business correspondence of the people. It shall provide prompt, reliable, and efficient services to patrons in all areas and shall render postal services to all communities. The costs of establishing and maintaining the Postal Service shall not be apportioned to impair the overall value of such service to the people.
**(b)** The Postal Service shall maintain an integrated network for the delivery of market-dominant and competitive products (as defined in chapter 36 of this title). Delivery shall occur at least six days a week, except during weeks that include a Federal holiday, in emergency situations, such as natural disasters, or in geographic areas where the Postal Service has established a policy of delivering mail fewer than six days a week as of the date of enactment of the Postal Service Reform Act of 2022. The Postal Service shall provide a maximum degree of effective and regular postal services to rural areas, communities, and small towns where post offices are not self-sustaining. No small post office shall be closed solely for operating at a deficit, it being the specific intent of the Congress that effective postal services be insured to residents of both urban and rural communities.
**(c)** As an employer, the Postal Service shall achieve and maintain compensation for its officers and employees comparable to the rates and types of compensation pa
Source: Supplied U.S. Code snapshot — release unconfirmed · 39 U.S.C. § 101
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Federal law — U.S. Code and appendices · legal_authorities
The President of the United States is authorized to designate and empower the head of any department or agency in the executive branch, or any official thereof who is required to be appointed by and with the advice and consent of the Senate, to perform without approval, ratification, or other action by the President (1) any function which is vested in the President by law, or (2) any function which such officer is required or authorized by law to perform only with or subject to the approval, ratification, or other action of the President: Provided, That nothing contained herein shall relieve the President of his responsibility in office for the acts of any such head or other official designated by him to perform such functions. Such designation and authorization shall be in writing, shall be published in the Federal Register, shall be subject to such terms, conditions, and limitations as the President may deem advisable, and shall be revocable at any time by the President in whole or in part.
Source: Supplied U.S. Code snapshot — release unconfirmed · 3 U.S.C. § 301
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Federal law — U.S. Code and appendices · legal_authorities
As used in this chapter—
(1) “Fund” means the Postal Service Fund established by section 2003 of this chapter;
(2) **Competitive products fund.—** — The term “Competitive Products Fund” means the Postal Service Competitive Products Fund established by section 2011; and
(3) “obligations”, when referring to debt instruments issued by the Postal Service, means notes, bonds, debentures, mortgages, and any other evidence of indebtedness.
Source: Supplied U.S. Code snapshot — release unconfirmed · 39 U.S.C. § 2001
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Federal law — U.S. Code and appendices · legal_authorities
Subject to the provisions of section 404a, the Postal Service shall have the following general powers:
(1) to sue and be sued in its official name;
(2) to adopt, amend, and repeal such rules and regulations, not inconsistent with this title, as may be necessary in the execution of its functions under this title and such other functions as may be assigned to the Postal Service under any provisions of law outside of this title;
(3) to enter into and perform contracts, execute instruments, and determine the character of, and necessity for, its expenditures;
(4) to determine and keep its own system of accounts and the forms and contents of its contracts and other business documents, except as otherwise provided in this title;
(5) to acquire, in any lawful manner, such personal or real property, or any interest therein, as it deems necessary or convenient in the transaction of its business; to hold, maintain, sell, lease, or otherwise dispose of such property or any interest therein; and to provide services in connection therewith and charges therefor;
(6) to construct, operate, lease, and maintain buildings, facilities, equipment, and other improvements on any property owned or controlled by it, including, without limitation, any property or interest therein transferred to it under [section 2002 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title39-section2002&num=0&edition=prelim);
(7) to accept gifts or donations of services or property, real or personal, as it deems, necessary or convenient in the transaction of its business;
(8) to settle and compromise claims by or against it;
(9) to exercise, in the name of the United States, the right of eminent domain for the furtherance of its official purposes; and to have the priority of the
Source: Supplied U.S. Code snapshot — release unconfirmed · 39 U.S.C. § 401
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Federal law — U.S. Code and appendices · legal_authorities
Page 50
TITLE 39—POSTAL SERVICE
§ 2001
ity, and each employee shall be protected in the
exercise of this right.
(Pub. L. 91–375, Aug. 12, 1970, 84 Stat. 737.)
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE
Section effective July 1, 1971, pursuant to Resolution
No. 71–9 of the Board of Governors. See section 15(a) of
Pub. L. 91–375, set out as a note preceding section 101
of this title.
PART III—MODERNIZATION AND
FISCAL ADMINISTRATION
Chap.
Sec.
20.
Finance ..................................................
2001
22.
Convict Labor ......................................
2201
24.
Appropriations and Annual Report
2401
26.
Debts and Collection ..........................
2601
28.
Strategic Planning and Perform-
ance Management ............................
2801
29.
Property Management .......................
2901
Editorial Notes
AMENDMENTS
2016—Pub. L. 114–318, § 4(b), Dec. 16, 2016, 130 Stat.
1614, added item for chapter 29.
2006—Pub. L. 109–435, title X, § 1010(g)(2), Dec. 20, 2006,
120 Stat. 3262, substituted ‘‘Strategic Planning and Per-
formance Management’’ for ‘‘Strategic planning and
performance management’’ in item for chapter 28.
1993—Pub. L. 103–62, § 11(c), Aug. 3, 1993, 107 Stat. 296,
added item for chapter 28.
CHAPTER 20—FINANCE
Sec.
2001.
Definitions.
2002.
Capital of the Postal Service.
2003.
The Postal Service Fund.
[2004.
Repealed.]
2005.
Obligations.
2006.
Relationship between the Treasury and the
Postal Service.
2007.
Public debt character of the obligations of
the Postal Service.
2008.
Audit and expenditures.
2009.
Annual budget.
2009a.
Budgetary treatment of the Postal Service
Fund.
2010.
Restrictions on agreements.
2011.
Provisions relating to competitive products.
Editorial Notes
AMENDMENTS
Source: Supplied 2024 U.S. Code historical extraction · 39 U.S.C. § 2002
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