§2011. Provisions relating to competitive products — Inbound Citations
39 U.S.C. § 2011
Cited by 8 provisions in release 119-102.
Citations to 39 U.S.C. § 2011 as a whole
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(2) The term “Competitive Products Fund” means the Postal Service Competitive Products Fund established by section 2011; and
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(b) Except as otherwise provided in section 2011, 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 appropriated 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 Post Office Department Fund established under former section 2202 of title 39) as of the commencement of operations of the Postal Service;(7) amounts (including proceeds from the sale of forfeited items) from any civil forfeiture conducted by the Postal Service;(8) any transfers from the Secretary of the Treasury from the Department of the Treasury Forfeiture Fund which shall be available to the Postmaster General only for Federal law enforcement related purposes; and(9) any amounts collected under section 3018.
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(a) At least 15 days before selling any issue of obligations under section 2005 or 2011 of this title, the Postal Service shall advise the Secretary of the Treasury of the amount, proposed date of sale, maturities, terms and conditions, and expected maximum rates of interest of the proposed issue in appropriate detail and shall consult with him or his designee thereon. The Secretary may elect to purchase such obligations under such terms, including rates of interest, as he and the Postal Service may agree, but at a rate of yield no less than the prevailing yield on outstanding marketable Treasury securities of comparable maturity, as determined by the Secretary. If the Secretary does not purchase such obligations, the Postal Service may proceed to issue and sell them to a party or parties other than the Secretary upon notice to the Secretary and upon consultation as to the date of issuance, maximum rates of interest, and other terms and conditions.
Citations to §2011(e)(4)(E)
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(c) Notwithstanding section 2005(d)(5) or 2011(e)(4)(E) of this title, obligations issued by the Postal Service shall be obligations of the Government of the United States, and payment of principal and interest thereon shall be fully guaranteed by the Government of the United States, such guaranty being expressed on the face thereof, if and to the extent that—(1) the Postal Service requests the Secretary of the Treasury to pledge the full faith and credit of the Government of the United States for the payment of principal and interest thereon; and(2) the Secretary, in his discretion, determines that it would be in the public interest to do so.
Citations to §2011(g)
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(h) A judgment against the Government of the United States arising out of activities of the Postal Service shall be paid by the Postal Service out of any funds available to the Postal Service, subject to the restriction specified in section 2011(g).
Citations to §2011(h)
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(A) the authority to pledge assets of the Postal Service under this subsection shall be available only to the extent that such assets are not related to the provision of competitive products (as determined under section 2011(h) or, for purposes of any period before accounting practices and principles under section 2011(h) have been established and applied, the best information available from the Postal Service, including the audited statements required by section 2008(e)); and
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(A) the only activities of such corporation were the activities of the Postal Service allocable under section 2011(h) to competitive products; and
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(B) the only assets held by such corporation were the assets of the Postal Service allocable under section 2011(h) to such activities.