39 USC 2903 – Use of funds from sale of property
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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.
Terms Used In 39 USC 2903
- Postal Service: means the United States Postal Service established by section 201 of this title. See 39 USC 102
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.