Pub. L. 100-203, tit. VI, sec. 6002

CONTRIBUTIONS BY THE UNITED STATES POSTAL SERVICE TO THE CIVIL SERVICE RETIREMENT AND DISABILITY FUND.

EnactedYear: 1987Length: 339 wordsOfficial source
SEC. 6002. CONTRIBUTIONS BY THE UNITED STATES POSTAL SERVICE TO THE CIVIL SERVICE RETIREMENT AND DISABILITY FUND. (a) Establishment of Postal Service Escrow Fund.— There is established as a separate account in the United States Treasury, the “Postal Service Escrow Fund”. 79a79aCopy read “Fund.” ”. Such Fund shall— (1) have such amounts described under subsection (b)(2) deposited no later than October 31, 1988; (2) not be available for expenditures of any amounts therein during the existence of such Fund; and (3) cease to exist on October 1, 1989, and on such date all amounts deposited in such Fund under subsection (b)(2) shall be deposited in the Postal Service Fund established under section 2003 of title 39, United States Code. (b) Deposit of Certain Savings in Certain Funds.— (1) Fiscal year 1988.— From all funds available to the United States Postal Service in fiscal year 1988, the Postal Service shall deposit into the Civil Service Retirement and Disability Fund established under section 8348 of title 5, United States Code, an amount of $350,000,000 in fiscal year 1988, in addition to any amount deposited pursuant to subsection (h) of such section. (2) Fiscal year 1989.— From all funds available to the United States Postal Service in fiscal year 1989, the Postal Service shall deposit into the Postal Service Escrow Fund an amount of $465,000,000 no later than October 31, 1988. (c) Capital Limitations for Fiscal Years 1988 and 1989.— (1) The United States Postal Service may not make any commitment or obligation to expend any monies deposited in the Postal Service Fund established under section 2003 of title 39, United States Code, for the capital investment program— (A) in excess of $625,000,000 in fiscal year 1988; and 101 STAT. 1330–277 (B) in excess of $1,995,000,000 in fiscal year 1989. (2) Capital investment programs.— For the purposes of paragraph (1) the term “capital investment program” shall include all investments in long-term assets and capital investment expenditures (including direct and indirect costs associated with such investments and expenditures, such as obligations through contracts).
Pub. L. 100-203, tit. VI, sec. 6002: CONTRIBUTIONS BY THE UNITED STATES POSTAL SERVICE TO THE CIVIL SERVICE RETIREMENT AND DISABILITY FUND. | Justis AI