FEDERAL · 40 U.S.C. · Chapter 173
Purchase of insurance
40 U.S.C. § 17307
Title40 — Public Buildings, Property, and Works
Chapter173 — GOVERNMENT LOSSES IN SHIPMENT
This text of 40 U.S.C. § 17307 (Purchase of insurance) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
40 U.S.C. § 17307.
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.
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Source Credit
History
(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1282.)
Editorial Notes
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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Bluebook (online)
40 U.S.C. § 17307, Counsel Stack Legal Research, https://law.counselstack.com/usc/40/17307.