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39 U.S.C. § 2903 — Use of funds from sale of property

Federal law — U.S. Code and appendices · legal_authorities

39 U.S.C. § 2903 — Use of funds from sale of property

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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8909a&num=0&edition=prelim).

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Source file: Laws/federal/codes/united-states-code/title-39/section-2903-use-of-funds-from-sale-of-property--3b85c45ab5.md
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Source location: Title 39, Chapter 29, § 2903; chapter-029-property-management.md

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Federal law — U.S. Code and appendices · legal_authorities

5 U.S.C. § 8909a — Postal Service Retiree Health Benefits Fund

**(a)** There is in the Treasury of the United States a Postal Service Retiree Health Benefits Fund which is administered by the Office of Personnel Management. **(b)** The Fund is available without fiscal year limitation for payments required under section 8906(g)(2)(A). **(c)** The Secretary of the Treasury shall immediately invest, in interest-bearing securities of the United States such currently available portions of the Fund as are not immediately required for payments from the Fund. Such investments shall be made in the same manner as investments for the Civil Service Retirement and Disability Fund under section 8348. **(d)** (1) Not later than June 30, 2026, and by June 30 of each succeeding year, the Office shall compute, for the most recently concluded fiscal year, the amount (if any) that Government contributions required to be paid from the Fund under section 8906(g)(2)(A) exceeded the estimated net claims costs under the enrollment of the individuals described in section 8906(g)(2)(A). (2) Not later than September 30 of each year in which the Office makes a computation under paragraph (1), the United States Postal Service shall pay into the Fund the amount (if any) of the excess computed under such paragraph. **(e)** Any computation required under [section 3654(b) of title 39](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title39-section3654/b&num=0&edition=prelim) shall be based on— (1) the net present value of the future net claims costs with respect to— (A) current annuitants of the United States Postal Service as of the end of the fiscal year ending on September 30 of the relevant reporting year; and (B) current employees of the United States Postal Service who would, as of September 30 of that year— (i) be eligible to b

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Federal law — U.S. Code and appendices · legal_authorities

5 U.S.C. § 101 — Executive departments

The Executive departments are:

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Federal law — U.S. Code and appendices · legal_authorities

39 U.S.C. § 2903 — Use of funds from sale of property

Page 66 TITLE 39—POSTAL SERVICE § 2805 Editorial Notes AMENDMENTS 2006—Subsec. (a). Pub. L. 109–435 substituted ‘‘section 2401(e)’’ for ‘‘section 2401(g)’’. § 2805. Inherently Governmental functions The functions and activities of this chapter shall be considered to be inherently Govern- mental functions. The drafting of strategic plans, performance plans, and program perform- ance reports under this section shall be per- formed only by employees of the Postal Service. (Added Pub. L. 103–62, § 7, Aug. 3, 1993, 107 Stat. 294.) CHAPTER 29—PROPERTY MANAGEMENT Sec. 2901. Definitions. 2902. Property management. 2903. Use of funds from sale of property. Editorial Notes AMENDMENTS 2022—Pub. L. 117–108, title I, § 102(d)(2), Apr. 6, 2022, 136 Stat. 1140, added item 2903. § 2901. Definitions In this chapter: (1) EXCESS PROPERTY.—The term ‘‘excess property’’ means any postal property that the Postal Service determines is not required to meet the needs or responsibilities of the Post- al Service. (2) POSTAL PROPERTY.—The term ‘‘postal property’’ means any property owned or leased by the Postal Service. (3) UNDERUTILIZED PROPERTY.—The term ‘‘underutilized property’’ means a portion or the entirety of any real property that is postal property, including any improvements, that is used— (A) irregularly or intermittently by the Postal Service for program purposes of the Postal Service; or (B) for program purposes that can be satis- fied only with a portion of the property. (Added Pub. L. 114–318, § 4(a), Dec. 16, 2016, 130 Stat. 1613.) § 2902. Property management (a) IN GENERAL.—The Postal Service— (1) shall maintain adequate inventory con- trols and accountability systems for postal property; (2) shall develop current and future work- force

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