§ 6803. — Accounting and safeguarding.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 26USC6803]
TITLE 26--INTERNAL REVENUE CODE
Subtitle F--Procedure and Administration
CHAPTER 69--GENERAL PROVISIONS RELATING TO STAMPS
Sec. 6803. Accounting and safeguarding
(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.
(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; Pub. L. 92-310, title II,
Sec. 230(a), June 6, 1972, 86 Stat. 209; Pub. L. 94-455, title XIX,
Sec. 1906(a)(37), (b)(13)(A), Oct. 4, 1976, 90 Stat. 1829, 1834.)
Amendments
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 L. 92-310 repealed subsec.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.
