39 U.S.C. § 2001 — Definitions

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 Repealed.] 2005.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 2006—Pub. L. 109–435, title IV, § 401(a)(2), Dec. 20, 2006, 120 Stat. 3225, added item 2011. 1997—Pub. L. 105–33, title VII, § 7003(a)(2)(A), Aug. 5, 1997, 111 Stat. 663, struck out item 2004 ‘‘Transitional appropriations’’. 1989—Pub. L. 101–239, title IV, § 4001(a)(2), Dec. 19, 1989, 103 Stat. 2133, added item 2009a. Statutory Notes and Related Subsidiaries DISPOSITION OF SAVINGS ACCRUING TO THE UNITED STATES POSTAL SERVICE Pub. L. 108–18, § 3, Apr. 23, 2003, 117 Stat. 627, which provided for disposition of savings accruing to the United States Postal Service, was repealed by Pub. L. 109–435, title VIII, § 804(a), Dec. 20, 2006, 120 Stat. 3253. § 2001. Definitions 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 Post- al Service Competitive Products Fund estab- lished by section 2011; and (3) ‘‘obligations’’, when referring to debt in- struments issued by the Postal Service, means notes, bonds, debentures, mortgages, and any other evidence of indebtedness. (Pub. L. 91–375, Aug. 12, 1970, 84 Stat. 738; Pub. L. 109–435, title IV, § 401(b)(1), Dec. 20, 2006, 120 Stat. 3225.) Editorial Notes AMENDMENTS 2006—Pars. (2), (3). Pub. L. 109–435 added par. (2) and redesignated former par. (2) as (3). 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. § 2002. Capital of the Postal Service (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 De- partment. 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 Serv- ice subject to the approval of the Comptroller General, in accordance with the following guide- lines: (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 Depart- ment’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 re- main liabilities of the Government of the United States, except that upon commence- ment 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 li- abilities, 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 Com- petitive 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