
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 40USC726]

 
             TITLE 40--PUBLIC BUILDINGS, PROPERTY, AND WORKS
 
                CHAPTER 15--GOVERNMENT LOSSES IN SHIPMENT
 
Sec. 726. Purchase of insurance

    On and after the effective date of the regulations prescribed under 
section 721 of this title, no executive department, independent 
establishment, agency, wholly owned corporation, officer, or employee 
shall expend any money, or incur any obligation, for insurance, or for 
the payment of premiums on insurance, against loss, destruction, or 
damage in the shipment of valuables except as specifically authorized by 
the Secretary of the Treasury. The Secretary of the Treasury may give 
such authorization if he shall find that the risk of loss, destruction, 
or damage in such shipment cannot be adequately guarded against by the 
facilities of the United States or that the circumstances are such that 
adequate replacement cannot be provided under this chapter.

(July 8, 1937, ch. 444, Sec. 4, 50 Stat. 480.)

                          Codification

    Section was formerly classified to section 134c 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.
