House working to ensure USPS repayment.House Government Reform Committee Chairman Tom Davis (R-VA) says that lawmakers are working to ensure that the fiscal year 2005 budget includes the annual $29 million repayment owed to the U.S. Postal Service The U.S. Postal Service (USPS) processes and delivers mail to individuals and businesses within the United States. The service seeks to improve its performance through the development of efficient mail-handling systems and operates its own planning and engineering programs. for the continuation of preferred postal rates for nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. mailers. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Alliance of Nonprofit Mailers, Washington, D.C., the repayment was a feature of the Revenue Forgone Reform Act of 1993, which eliminated an annual appropriation from Congress for preferred rates for nonprofits by reimbursing USPS (1) (Uninterruptible Switching Power Supply) A power supply for a computer that contains its own battery and uninterruptible power supply (UPS) circuitry. See power supply and UPS. some $29 million per year for 42 years. Congress has made the repayment to USPS since 1993, but it was left out of the president's proposed fiscal year 2005 budget. A feature in the 1993 act prevents the postal service postal service, arrangements made by a government for the transmission of letters, packages, and periodicals, and for related services. Early courier systems for government use were organized in the Persian Empire under Cyrus, in the Roman Empire, and in medieval from raising nonprofit rates in the event of an appropriations shortfall, but all mailers will be forced to pick up the shortfall should the administration and Congress default on its revenue obligation. [ILLUSTRATION OMITTED] |
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