Page:United States Statutes at Large Volume 74.djvu/638

 PUBLIC LAW 86-682-SEPT. 2, 1960

[74 S T A T.

§ 2233. Expenditure from Fund Moneys paid into the Fund, together with any income thereof under section 2234(b) of this title or otherwise, shall be available until expended for obligation by the Postmaster General for the purpose of conducting research, either directly or through private or other organizations, and for the purpose of developing, acquiring, and placing into operation improved equipment and facilities for the performance of the postal function. § 2234. Management of F u n d (a) The Secretary of the Treasury shall hold the Fund, and after consultation with the Postmaster General report to the Congress not later than the first day of January of each year on the financial condition of the Fund as of the end of the next preceding fiscal year. (b) The Secretary of the Treasury shall invest such portion of the Fund as is not, in his judgment, after consultation with the Postmaster General, required to meet current withdrawals. Investments may be made only in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States. CHAPTER 27—POSTAL POLICY A N D FISCAL REPORTS POSTAL POLICY Sec.

2301. 2302. 2303. 2304. 2305. 2306.

Findings of Congress. Declaration of policy. Identification of and appropriations for public services, Reviews, studies, surveys, and reports of Postmaster General. Effect on fourth class mail rates. Costs for establishing postal rates. REPORTS

2331. Cost Ascertainment. 2332. Postal Modernization Fund.

§ 2301. Findings of the Congress The Congress hereby finds that— (1) the postal establishment was created to unite more closely the American people, to promote the general welfare, and to advance the national economy; (2) the postal establishment has been extended and enlarged through the years into a nationwide network of services and facilities for the communication of intelligence, the dissemination of information, the advancement of education and culture, and the distribution of articles of commerce and industry. Furthermore, the Congress has encouraged the use of these broadening services and facilities through reasonable and, in many cases, special postal rates; (3) the development and expansion of these several elements of postal service, under authorization by the Congress, have been the impelling force in the origin and growth of many and varied business, commercial, and industrial enterprises which contribute materially to the national economy and the public welfare and which depend upon the continuance of these elements of postal service; (4) historically and as a matter of public policy there have evolved, in the operations of the postal establishment authorized by the Congress, certain recognized and accepted relationships among the several classes of mail. I t is clear, from the continued expansion of the postal service and from the continued encouragement by the Congress of the most widespread use thereof, that the postal establishment performs many functions and oiBPers its

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