
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: 40USC729]

 
             TITLE 40--PUBLIC BUILDINGS, PROPERTY, AND WORKS
 
                CHAPTER 15--GOVERNMENT LOSSES IN SHIPMENT
 
Sec. 729. Definitions

    For the purposes of this chapter--
    (a) The term ``valuables'' means any articles or things or 
representatives of value in which the United States has any interest, or 
in connection with which it has any obligation or responsibility, direct 
or indirect, and which are declared to be valuables within the meaning 
of this chapter by the Secretary of the Treasury. No articles or things 
shall be declared to be valuables by the Secretary of the Treasury 
unless he determines that replacement thereof in accordance with the 
procedure established herein, in the event of loss, destruction, or 
damage in the course of shipment, would be in the public interest. The 
term ``United States'' as used in this subsection and in section 725 of 
this title means the United States, its executive departments, 
independent establishments, and agencies, including wholly owned 
corporations, and officers and employees of any of the foregoing while 
acting in their official capacity.
    (b) The term ``shipment'' means the transportation, or the effecting 
of transportation, of valuables, without limitation as to the means or 
facilities used or by which the transportation, is effected or the 
person to whom it is made, and includes, but is not limited to, 
shipments made to any executive department, independent establishment, 
agency, wholly or partly owned corporation, officer, or employee of the 
United States, or any person acting on his or its behalf or at his or 
its direction;
    (c) The term ``wholly owned corporation'' means any corporation, 
regardless of the law or laws under which it is incorporated, the 
capital of which is entirely owned, directly or indirectly, by the 
United States, and includes the duly authorized officers, employees, and 
agents thereof;
    (d) The term ``replacement'' means payment, reimbursement, 
replacement, or duplication or the expenses incident thereto.

(July 8, 1937, ch. 444, Sec. 7, 50 Stat. 480; Aug. 10, 1939, ch. 665, 
Sec. 3, 53 Stat. 1359.)

                          Codification

    Section was formerly classified to section 134f 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

    1939--Subsec. (a). Act Aug. 10, 1939, amended definition of 
``valuables''.
