[Code of Federal Regulations]
[Title 39, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 39CFR3.7]

[Page 11-12]
 
                        TITLE 39--POSTAL SERVICE
 
                 CHAPTER I--UNITED STATES POSTAL SERVICE
 
PART 3_BOARD OF GOVERNORS (ARTICLE III)--Table of Contents
 
Sec.  3.7  Information furnished to Board--program review.

    (a) To enable the Board to review the Postal Service operating 
program, postal management shall furnish the Board information on all 
aspects of the Postal Service budget plan, including:
    (1) The tentative and final annual budgets submitted to the Office 
of Management and Budget and the Congress, and amendments to the budget;
    (2) Five-year plans, annual operating and investment plans, and 
significant departures from estimates upon which the plans were based;
    (3) The need for rate increases or decreases and the progress of any 
pending rate cases and related litigation; and
    (4) Debt financing needs, including a review of all borrowings of 
the Postal Service from the U.S. Treasury and private sources.
    (b) To enable the Board to review the effectiveness of the Postal 
Service's equal employment opportunity program, performance data 
relating to this program shall be furnished to the Board at least 
quarterly. This data shall be categorized in such manner as the Board, 
from time to time, specifies.
    (c) Postal management shall also regularly furnish the Board 
information regarding major programs for improving postal service or 
reducing the cost of postal operations.
    (d) Management shall furnish to the Board:

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    (1) Information regarding any significant, new program, policy, 
major modification or initiative; any plan to offer a significant, new 
or unique product or system implementation; or any significant, new 
project not related directly to the core business function of the Postal 
Service. This information shall be provided to the Board in advance of 
entering into any agreement in furtherance of such project. For the 
purposes of this paragraph, ``significant'' means a project anticipated 
to have a notable or conspicuous impact on (i) corporate visibility or 
(ii) the operating budget (including increases in expense amounts) or 
the capital investment budget. The notification requirement of this 
paragraph governs applicable projects regardless of the level of 
expenditure involved.
    (2) Information regarding any project, in advance of entering into 
any agreement in furtherance of such project, where the potential 
liability due to termination, breach, or other reason would equal or 
exceed the amount specified by resolution for approval of capital 
investment projects pursuant to section 3.3(e) hereof.

[59 FR 18448, Apr. 18, 1994, as amended 62 FR 18519, Apr. 16, 1997]