2021 US Code
Title 40 - Public Buildings, Property, and Works
Subtitle VI - Miscellaneous
Chapter 173 - Government Losses in Shipment
Sec. 17307 - Purchase of insurance
| 40 U.S.C. § 17307 (2021) | ||||||
| §17307. Purchase of insurance | ||||||
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An executive department, independent establishment, agency, wholly owned Government corporation, officer, or employee may expend money, or incur an obligation, for insurance, or for the payment of premiums on insurance, against loss, destruction, or damage in the shipment of valuables only as specifically authorized by the Secretary of the Treasury. The Secretary may give the authorization if the Secretary finds that the risk of loss, destruction, or damage in the shipment cannot be guarded against adequately by the facilities of the Federal Government or that adequate replacement cannot be provided under this chapter. |
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(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1282.) |
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The words "On and after the effective date of the regulations prescribed under section 721 of this title" are omitted as obsolete. The words "the circumstances are such that" are omitted as unnecessary. |
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| United States Code, 2018 Edition, Supplement 3, Title 40 - PUBLIC BUILDINGS, PROPERTY, AND WORKS | ||||||
| Bills and Statutes | ||||||
| United States Code | ||||||
| Y 1.2/5: | ||||||
| Title 40 - PUBLIC BUILDINGS, PROPERTY, AND WORKS SUBTITLE VI - MISCELLANEOUS CHAPTER 173 - GOVERNMENT LOSSES IN SHIPMENT Sec. 17307 - Purchase of insurance |
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| section 17307 | ||||||
| 2021 | ||||||
| January 3, 2022 | ||||||
| Yes | ||||||
| standard | ||||||
| 50 Stat. 480 116 Stat. 1282 |
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| Public Law 107-217 |
