2018 US Code
Title 39 - Postal Service
Part III - Modernization and Fiscal Administration
Chapter 20 - Finance
Sec. 2007 - Public debt character of the obligations of the Postal Service

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Citation 39 U.S.C. § 2007 (2018)
Section Name §2007. Public debt character of the obligations of the Postal Service
Section Text

For the purpose of any purchase of the obligations of the Postal Service, the Secretary of the Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under chapter 31 of title 31, as now or hereafter in force, and the purposes for which securities may be issued under chapter 31 of title 31, as now or hereafter in force, are extended to include any purchases of the obligations of the Postal Service under this chapter. The Secretary of the Treasury may, at any time, sell any of the obligations of the Postal Service acquired by him under this chapter. All redemptions, purchases, and sales by the Secretary of the obligations of the Postal Service shall be treated as public debt transactions of the United States.

Source Credit

(Pub. L. 91–375, Aug. 12, 1970, 84 Stat. 741; Pub. L. 97–452, §2(f), Jan. 12, 1983, 96 Stat. 2479.)

Editorial Notes AMENDMENTS

1983—Pub. L. 97–452 substituted "chapter 31 of title 31" for "the Second Liberty Bond Act" wherever appearing.

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.

Publication Title United States Code, 2018 Edition, Title 39 - POSTAL SERVICE
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 39 - POSTAL SERVICE
PART III - MODERNIZATION AND FISCAL ADMINISTRATION
CHAPTER 20 - FINANCE
Sec. 2007 - Public debt character of the obligations of the Postal Service
Contains section 2007
Date 2018
Laws In Effect As Of Date January 14, 2019
Positive Law Yes
Disposition standard
Statutes at Large References 84 Stat. 741
96 Stat. 2479
Public Law References Public Law 91-375, Public Law 97-452
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