Title 40 of the U.S. Code § 17307 - Purchase of insurance
Full text of § 17307 from Title 40 of the United States Code.
§ 17307. Purchase of insurance
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.)
| Revised Section | 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.
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40 U.S.C. § 17307 is part of Title 40 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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