Bloomberg Bloomberg
Comprehensive Tax Research. Practitioner to Practitioner. ®

Sec. 6803. Accounting And Safeguarding

I.R.C. § 6803(a) Bond
In cases coming within the provisions of paragraph (2) of section 6802, the Secretary may require a bond, with sufficient sureties, in a sum to be fixed by the Secretary, conditioned for the faithful return, whenever so required, of all quantities or amounts undisposed of and for the payment monthly for all quantities or amounts sold or not remaining on hand.
I.R.C. § 6803(b) Regulations
The Secretary may from time to time make such regulations as he may find necessary to insure the safekeeping or prevent the illegal use of all adhesive stamps referred to in paragraph (2) of section 6802.
(Aug. 16, 1954, ch. 736, 68A Stat. 830; June 6, 1972, Pub. L. 92-310, title II, 230(a), 86 Stat. 209; Oct. 4, 1976, Pub. L. 94-455, title XIX, 1906(a)(37), (b)(13)(A), 90 Stat. 1829, 1834.)
Background Notes
1976--Subsec. (a). Pub. L. 94-455 redesignated subsec. (b)(1) as (a), substituted “paragraph (2)” for “paragraph (2) or (3)”, and struck out “or his delegate” after “Secretary” wherever appearing.
Subsec. (b). Pub. L. 94-455 redesignated par. (2) as entire subsection, struck out “or his delegate” after “Secretary” and substituted “paragraph (2)” for “paragraphs (2) and (3)”. Par. (1) redesignated subsec. (a).
1972--Subsec. (a). Pub. L. 92-310 repealed subsec. (a) which related to bonds, deposits of receipts, and accounts of postmasters, and which required the Postmaster General to transfer all receipts to the Treasury.
Cross References
Expenditures incurred by United States Postal Service, see section 7509 of this title.
Form of bonds, see section 7101 of this title.
Other provisions for bonds, see section 7103 of this title.
Single bond in lieu of multiple bonds, see section 7102 of this title.