§ 17307. Purchase of insurance
135 words·~1 min read·
/usc/title-40/section-17307A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1282.)
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.
Connections1 cite this
Cited by 1 section
register
3 references not yet in our index
- Pub. L. 107–217
- 116 Stat. 1282
- section 721 of this title
Citation graph
cites case law
§ 17307
Purchase of insurance
Fed. Reg.×1
Pub. L.Pub. L. 107–217
Stat.116 Stat. 1282
Citesection 721 of this title
Cites 3Cited by 1 across 1 source