§ 973. Application for indemnity agreements

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1975

   Arts and Artifacts Indemnity Act

   Pub. L. 94–158 § 4 · 89 Stat. 844

   Enacted · 20 U.S.C. § 973

   (Pub. L. 94–158, § 4, Dec. 20, 1975, 89 Stat. 845.)

   Source evidence

   Code source credit
   (Pub. L. 94–158, § 4, Dec. 20, 1975, 89 Stat. 845.)

   Enacted provision · exact public law section
   Sec. 4. application (a) Any person, nonprofit agency, institution, or government 20 USC 973. desiring to make an indemnity agreement for eligible items under this Act shall make application therefor in accordance with such procedures, in such form, and in such manner as the Council shall, by regulation, prescribe. (b) An application under subsection (a) shall— (1) describe each item to be covered by the agreement (including an estimated value of such item); (2) show evidence that the items are eligible under section 3(a); and (3) set forth policies, procedures, techniques, and methods with respect to preparation for, and conduct of, exhibition of the items, and any transportation related to such items. (c) Upon receipt of an application under this section, the Council shall, if such application conforms with the requirements of this Act, approve the application and make an indemnity agreement with the applicant. Upon such approval, the agreement shall constitute a contract between the Council and the applicant pledging the full faith and credit of the United States to pay any amount for which the Council becomes liable under such agreement. The Council, for such purpose, is hereby authorized to pledge the full faith and credit of the United States.

1 of 1 references resolved to an enrolled provision