Amended Title 39 S2003

Part: 
Four
Chapter: 
10
  1. There is established in the Treasury of the United States a revolving fund to be called the Postal Service Fund which shall be available to the Postal Service without fiscal-year limitation to carry out the purposes, functions, and powers authorized by this title.
  2. There shall be deposited in the Fund,
    subject to withdrawal by check by the Postal Service
    1. revenues from postal and nonpostal services rendered by the Postal Service;
    2. amounts received from obligations issued by the Postal Service;
    3. amounts appropriate for the use of the Postal Service;
    4. interest which may be earned on investments of the Fund;
    5. any other receipts of the Postal Service;
    6. the balance in the Postal Service Department Fund established under former section 2202 of title 39 as the commencement of operations of the Postal Service; and
    7. amounts from any civil administrative forfeiture conducted by the Postal Service.
  3. If the Postal Service determines that the moneys of the Fund are in excess of current needs, it may request the invest ment of such amounts as it deems advisable by the Secretary of the Treasury in obligations of, or obligations guaranteed by, the Government of the United States, and, with the approval of the Secretary, in such other obligations or securities as it deems appropriate.
  4. With the approval of the Secretary of the Treasury, the Postal Service may deposit moneys of the Fund in any Federal Reserve bank, any depository for public funds, or in such other places and in such manner as the Postal Service and the Secretary may mutually agree.
  5. The Fund shall be available for the payment of all expenses incurred by the Postal Service in carrying out its functions under this title and, subject to the Postal Rate Commission. Neither the Fund nor any of the funds credited to it shall be subject to apportionment under the provisions of section 665 of title 31.
    1. The Fund shall be available for the payment of all expenses incurred by the Postal Service in carrying out its functions under this title including expenses incurred in the conduct of seizures, forfeitures, and disposal of forfeited property pursuant to title 18 and subject to the provisions of section 3604 of this title, all of the expenses of the Postal Rate Commission. Neither the Fund nor any of the funds credited to it shall be subject to apportionment under the provisions of subchapter 11 of chapter 15 of title 31.
    2. Funds appropriated to the Postal Service under section 2401 and 2004 of this title shall be appor tioned as provided in this paragraph. From the total amounts appropriated to the Postal Service for any fiscal year under the authorizations contained in sections 2401 and 2004 of this title, the Secretary of the Treasury shall make available to the Postal Service 25 percent of such amount at the beginning of each quarter of such fiscal year.
  6. Notwithstanding any other provision of this section, any amounts appropriated to the Postal Service under subsection (d) of section 2401 of this title and deposited into the Fund shall be expended by the Postal Service only for the purposes provided in such subsection.