
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 40USC724]

 
             TITLE 40--PUBLIC BUILDINGS, PROPERTY, AND WORKS
 
                CHAPTER 15--GOVERNMENT LOSSES IN SHIPMENT
 
Sec. 724. Government evidences of indebtedness held by United 
        States Postal Service while agent for Treasury Department
        
    All losses or destruction of, or damage to, internal revenue or 
other stamps, United States securities, or other obligations of the 
United States, and funds, occurring heretofore or hereafter, but not 
prior to February 4, 1935, while such stamps, securities, obligations, 
or funds were in the custody or possession of, or charged to, the United 
States Postal Service while it was acting as agent for, or on behalf of, 
the Treasury Department for the sale of such stamps, securities, or 
obligations and for the collection of such funds, irrespective of the 
manner in which such loss, destruction, or damage occurred, shall be 
replaced out of the fund under such regulations as the Secretary of the 
Treasury may prescribe.

(July 8, 1937, ch. 444, Sec. 3a, as added Aug. 10, 1939, ch. 665, 
Sec. 2, 53 Stat. 1358; amended Pub. L. 91-375, Secs. 4(a), 6(m)(5), (o), 
Aug. 12, 1970, 84 Stat. 773, 783.)

                          Codification

    Section was formerly classified to section 134b-1 of Title 5 prior 
to the general revision and enactment of Title 5, Government 
Organization and Employees, by Pub. L. 89-554, Sec. 1, Sept. 6, 1966, 80 
Stat. 378.


                               Amendments

    1970--Pub. L. 91-375 struck out proviso requiring joint 
determination by Postmaster General and Secretary of the Treasury that 
loss or destruction of or damages to government evidences of 
indebtedness in custody or possession of any postmaster, Navy mail 
clerk, or assistant Navy mail clerk resulted from no fault or negligence 
on part of such employee to relieve him of liability to the United 
States or to authorize receipt of credit in his accounts.

                         Change of Name

    ``United States Postal Service'' substituted in text for ``Post 
Office Department or Postal Service'' pursuant to Pub. L. 91-375 which 
abolished Post Office Department, transferred its functions to United 
States Postal Service, and provided that references in other laws to 
Post Office Department or Postal Service shall be considered a reference 
to United States Postal Service.


                    Effective Date of 1970 Amendment

    Amendment by Pub. L. 91-375 effective within 1 year after Aug. 12, 
1970, on date established therefor by the Board of Governors of the 
United States Postal Service and published by it in the Federal 
Register, see section 15(a) of Pub. L. 91-375, set out as an Effective 
Date note preceding section 101 of Title 39, Postal Service.
