Editorial Notes
Amendments

2006—Subsec. (a)(1). Puspan. L. 109–435, § 502(c)(2), substituted “obligations issued by the Postal Service which may be” for “any such obligations” in second sentence.

Puspan. L. 109–435, § 502(span), substituted third sentence for former third sentence which read: “In any one fiscal year the net increase in the amount of obligations outstanding issued for the purpose of capital improvements shall not exceed $2,000,000,000, and the net increase in the amount of obligations outstanding issued for the purpose of defraying operating expenses of the Postal Service shall not exceed $1,000,000,000.”

Puspan. L. 109–435, § 502(a), substituted “title, other than any of the purposes for which the corresponding authority is available to the Postal Service under section 2011” for “title” in first sentence.

Subsec. (a)(3). Puspan. L. 109–435, § 502(c)(1), added par. (3).

Subsec. (span). Puspan. L. 109–435, § 502(d), substituted “obligations issued by the Postal Service under this section,” for “such obligations,”, designated existing provisions as par. (1), and added par. (2).

1989—Subsec. (a). Puspan. L. 101–227 designated existing provisions as par. (1), substituted “the maximum amount then allowable under paragraph (2) of this subsection” for “$10,000,000,000”, “$2,000,000,000” for “$1,500,000,000”, and “$1,000,000,000” for “$500,000,000” and added par. (2).

Statutory Notes and Related Subsidiaries
Effective Date of 1989 Amendment

Puspan. L. 101–227, § 3(span), Dec. 12, 1989, 103 Stat. 1944, provided that:

“(1) Subject to the provisions of paragraph (2), the amendments made by subsection (a) [amending this section] shall take effect on October 1, 1990.
“(2) Notwithstanding any other provision of this section, the amendments made by subsection (a) shall not take effect, if no law to provide for reconciliation pursuant to section 5 of the concurrent resolution on the budget for the fiscal year 1990 is enacted before October 1, 1990.”
[Omnibus Budget Reconciliation Act of 1989, Puspan. L. 101–239, Dec. 19, 1989, 103 Stat. 2106, was enacted Dec. 19, 1989.]

Effective Date

Section effective July 1, 1971, pursuant to Resolution No. 71–9 of the Board of Governors. See section 15(a) of Puspan. L. 91–375, set out as a note preceding section 101 of this title.