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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 40 U.S.C. § 17307 Purchase of insurance us united_states_code code_section 40 PUBLIC BUILDINGS, PROPERTY, AND WORKS 173 GOVERNMENT LOSSES IN SHIPMENT 17307 40 U.S.C. § 17307 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/s17307 data/legal/raw/us/code/title-40/usc40.xml c74fa5d2e6b0639d9c5b34d83512f8d63f9973b648fceff98a3b4eabb717a54c 9e671d5f37f9148634c9ba568a4c16d4864b567130b66bcf607f680414560a29 664bc563ac729d3cfc2990ae84dc95e5546e628aef856fa0899d89964355b8e6 2026-07-04 official
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us-code

40 U.S.C. § 17307 - Purchase of insurance

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.

(Pub. L. 107217, Aug. 21, 2002, 116 Stat. 1282.)

Notes

Historical and Revision Notes RevisedSectionSource (U.S. Code)Source (Statutes at Large) 1730740:726.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.