Sec. 4. As used in this chapter, "static balance" means an amount held by a payroll savings plan administrator for a participant who: (1) is not making allotments of payroll deductions to the payroll savings plan administrator; but (2) has not terminated the individual's directions to the participant's employer or the employer's payroll savings plan administrator to purchase United States savings bonds for the individual when a sufficient balance accumulates to pay the purchase price.
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