"Payroll savings plan administrator"
Sec. 3. As used in this chapter, "payroll savings plan
administrator" means an organization that:
(1) has been qualified by the Federal Reserve Bank or the
Bureau of the Public Debt under 31 CFR Part 317 to sell United
States savings bonds; and
(2) operates payroll savings plans on behalf of employers for
the purchase of United States savings bonds.
As added by P.L.141-2005, SEC.27.
Last modified: May 27, 2006