Title 40 — Public Buildings, Property, and Works
Chapter 173 — Government Losses in Shipment
§ 17307. Purchase of insurance
Statutory text
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.
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.
Pub. L. 107–217 · 116 Stat. 1062
Enacted · 40 U.S.C. § 17307
(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1282.)
Source evidence
Code source credit
(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1282.)
0 of 1 references resolved to an enrolled provision · 1 partial
Notes
historicalAndRevision
| Historical and Revision Notes | ||
|---|---|---|
| RevisedSection | Source (U.S. Code) | Source (Statutes at Large) |
| 17307 | 40:726. | July 8, 1937, ch. 444, § 4, 50 Stat. 480. |
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.