Extending the authority of the Secretary of Commerce to conduct the quarterly financial report program under section 91 of title 13, United States Code, through September 30, 1993.
PL 101-227 (H.R.3629), enacted 12/12/1989

PUBLIC LAW 101-227—DEC. 12, 1989 
103 STAT. 1943 
Public Law 101-227 
101st Congress 
An Act 
Dec. 12,1989 
[H.R. 3629] 
5 use 8343a 
note. 
Extending the authority of the Secretary of Commerce to conduct the quarterly 
financial report program under section 91 of title 13, United States Code, through 
September 30,1993. 
Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That section 4(b) of 
Public Law 97-454 (13 U.S.C. 91 note) is amended by striking "7 
years after such effective date." and inserting "after September 30, 
1993.". 
SEC. 2. PARTIAL DEFERRED PAYMENT OF LUMP-SUM CREDIT FOR 
CERTAIN INDIVIDUALS ELECTING ALTERNATIVE FORMS OF 
ANNUITIES. 
(a) IN GENERAL.—Notwithstanding any other provision of law, and 
except as provided in subsection (c), any lump-sum credit payable to 
an employee or Member pursuant to the election of an alternative 
form of annuity by such employee or Member under section 8343a or 
section 8420a of title 5, United States Code, shall be paid in accord-
ance with the schedule under subsection (b) (instead of the schedule 
which would otherwise apply), if the commencement date of the 
annuity payable to such employee or Member occurs after Decem-
ber 2,1989, and before October 1,1990. 
(b) SCHEDULE OF PAYMENTS.—The schedule of payment of any 
lump-sum credit subject to this section is as follows: 
(1) 50 percent of the lump-sum credit shall be payable on the 
date on which, but for the enactment of this section, the full 
amount of the lump-sum credit would otherwise be payable. 
(2) The remainder of the lump-sum credit shall be payable on 
the date which occurs 12 months after the date described in 
paragraph (1). 
An amount payable in accordance with paragraph (2) shall be 
payable with interest, computed using the rate under section 
8334(e)(3) of title 5, United States Code. 
(c) EXCEPTIONS.—The Office of Personnel Management shall pre- Regulations, 
scribe regulations to provide that, unless the individual involved 
indicates otherwise by written notice to the Office (submitted at 
such time and in such manner as the regulations may require), this 
section shall not apply— 
(1) in the case of any individual who is separated from 
Government service involuntarily, other than for cause on 
charges of misconduct or delinquency; and 
(2) in the case of any individual as to whom the application of 
this section would be against equity and good conscience, due to 
a life-threatening affliction or other critical medical condition 
affecting such individual. 
(d) ANNUITY BENEFITS NOT AFFECTED.—Nothing in this section 
shall affect the commencement date, the amount, or any other 
aspect of any annuity benefits payable under section 8343a or 
section 8420a of title 5, United States Code. 
103 STAT. 1944 
PUBLIC LAW 101-227—DEC. 12, 1989 
(e) DEFINITIONS.—For purposes of this section, the terms "lump-
sum credit", "employee", and "Member" each has the meaning 
given such term by section 8331 or section 8401 of title 5, United 
States Code, as appropriate. 
SEC. 3. AMENDMENTS RELATING TO LIMITATIONS ON POSTAL SERVICE'S 
BORROWING AUTHORITY. 
(a) IN GENERAL.—Section 2005(a) of title 39, United States Code, is 
amended— 
(1) by striking "(a)" and inserting "(aXD"; 
(2) by striking "$10,000,000,000." and inserting "the maxi-
mum amount then allowable under paragraph (2) of this 
subsection."; 
(3) 
by 
striking 
"$1,500,000,000" 
and 
inserting 
"$2,000,000,000"; 
(4) by striking "$500,000,000" and inserting "$1,000,000,000"; 
and 
(5) by adding at the end the following: 
"(2) The maximum amount allowable under this paragraph is— 
"(A) $10,000,000,000 for fiscal year 1990; 
"(B) $12,500,000,000 for fiscal year 1991; and 
"(C) $15,000,000,000 for fiscal year 1992 and each fiscal year 
thereafter.". 
39 use 2005 
(b) EFFECTIVE DATE.—(1) Subject to the provisions of paragraph (2), 
"
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the amendments made by subsection (a) shall take effect on Octo-
ber 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. 
. 
Approved December 12, 1989. 
LEGISLATIVE fflSTORY—H.R. 3629: 
CONGRESSIONAL RECORD, Vol. 135 (1989): 
Nov. 13, considered and passed House. 
Nov. 21, considered and passed Senate, amended. House concurred in Senate 
amendment.