40 U.S.C. § 17307
Purchase of insurance
United States · Title 40 — PUBLIC BUILDINGS, PROPERTY, AND WORKS · Status: effective
Cite this
- Citation
- 40 U.S.C. § 17307, Purchase of insurance, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/474643
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Full 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.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- To revise, codify, and enact without substantive change certain general and permanent laws, related to public buildings, property, and works, as title 40, United States Code, "Public Buildings, Property, and Works".House: no recorded tallySenate: no recorded tally