40-U.S.C.-17307

§17307 – Purchase of Insurance

Pathway

Title 40 > Subtitle VI > Chapter 173 > Section 17307

Details

• Reference: Section 17307
• Legend: §17307 – Purchase of Insurance
• USCode Year: 2013

Provision Content

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.

U.S. Encyclopedia of Law Coverage

40-U.S.C.-15702 in the Legal Encyclopedia: Public Property

In this entry about 40-U.S.C.-15702, find legal reference material, bibliographies and premiere content related to public property in the American Encyclopedia of Law, presenting a comprehensive view of the United States public property-specific issues, written by authorities in the field.

Topic Map

• Browse the Topic Map in relation with Title 40 (Public Buildings, Property, And Works) guided by subject interests.