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2026-07-06 10:51:44 -04:00

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LegalText 40 U.S.C. § 17303 Fund for the payment of Government losses in shipment us united_states_code code_section 40 PUBLIC BUILDINGS, PROPERTY, AND WORKS 173 GOVERNMENT LOSSES IN SHIPMENT 17303 40 U.S.C. § 17303 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc40@119-100.zip /us/usc/t40/s17303 data/legal/raw/us/code/title-40/usc40.xml b53b5b2fd200d88148801838b2c27c79c210c6e44fca5f28a7768ed6636c4f65 9e671d5f37f9148634c9ba568a4c16d4864b567130b66bcf607f680414560a29 6167e87e5c5ce4bbb5a3d9a0cd94a8252dd8dcab4a0df4c6b6cd22fb849ebdb2 2026-07-04 official
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40 U.S.C. § 17303 - Fund for the payment of Government losses in shipment

Text

(a) Establishment.— There is a revolving fund in the Treasury known as “the fund for the payment of Government losses in shipment”.

(b) Use.— The fund shall be used for the replacement of valuables, or the value of valuables, lost, destroyed, or damaged while being shipped in accordance with regulations prescribed under section 17302 of this title.

(c) Unavailability.— The fund is not available with respect to any loss, destruction, or damage affecting valuables—

(1) that relates to property of the United States Postal Service that is chargeable to its officers or employees; or

(2) of which shipment shall have been made at the risk of persons other than the Federal Government and the executive departments, independent establishments, agencies, wholly owned Government corporations, officers and employees of the Government.

(d) Crediting of Recoveries and Repayments.— All recoveries and repayments on account of loss, destruction, or damage to valuables for which replacement is made out of the fund shall be credited to it and are available for the purposes of the fund.

(e) Appropriations.— Necessary amounts are appropriated for the fund.

(Pub. L. 107217, Aug. 21, 2002, 116 Stat. 1281.)

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 17303(a)40:722 (3d sentence words before 2d comma).July 8, 1937, ch. 444, § 2, 50 Stat. 479. 17303(b)40:722 (1st sentence words after 5th comma). 40:723 (2d sentence 2d proviso).July 8, 1937, ch. 444, § 3 (2d sentence 2d, last provisos, last sentence), 50 Stat. 480; Aug. 10, 1939, ch. 665, § 1, 53 Stat. 1358; Pub. L. 91375, § 6(m)(4), Aug. 12, 1970, 84 Stat. 782. 17303(c)40:723 (2d sentence last proviso). 17303(d)40:723 (last sentence). 17303(e)40:722 (1st sentence words before 5th comma, 2d sentence, 3d sentence words after 2d comma, last sentence). 40:722a.Pub. L. 103329, title I (par. under heading “Payment of Government Losses in Shipment”), Sept. 30, 1994, 108 Stat. 2387. In subsection (a), the words “(hereinafter referred to as the fund)” are omitted as unnecessary. In subsection (b), the text of 40:723 (2d sentence 2d proviso) is omitted as obsolete. In subsection (e), the text of 40:722 (1st sentence words before 5th comma, 2d sentence, 3d sentence words after 2d comma, and last sentence) and the words “Beginning in fiscal year 1995 and thereafter” in 40:722a are omitted as obsolete. The words “for the fund” are substituted for “to make payments for the replacement of valuables, or the value thereof, lost, destroyed, or damaged in the course of shipments effected pursuant to section 721 of this title” for clarity and to eliminate unnecessary words.