Title 39Postal ServiceRelease 119-73

§2903 Use of funds from sale of property

Title 39 › Part PART III— - MODERNIZATION AND FISCAL ADMINISTRATION › Chapter CHAPTER 29— - PROPERTY MANAGEMENT › § 2903

Last updated Apr 6, 2026|Official source

Summary

If the Postal Service permanently stops, real property sale proceeds must first pay unpaid employee wages and expenses; leftovers go to the Retiree Health Benefits Fund.

Full Legal Text

Title 39, §2903

Postal Service — Source: USLM XML via OLRC

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.

Reference

Citations & Metadata

Citation

39 U.S.C. § 2903

Title 39Postal Service

Last Updated

Apr 6, 2026

Release point: 119-73