40 USC § 17306 - Agreements of indemnity | Title 40 - Public Buildings, Property, and Works | U.S. Code

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Current through Pub. L. 113-99. (See Public Laws for the current Congress.)

(a) Definition.— In this section, the term “Federal Government” includes wholly owned Government corporations, and officers and employees of the Government or its executive departments, independent establishments, and agencies while acting in their official capacity.

(b) Authority To Make Agreement.— The Secretary of the Treasury may make and deliver, on behalf of the Federal Government, a binding agreement of indemnity the Secretary considers necessary and proper to enable the Government to obtain the replacement of any instrument or document—

(1) received by the Government or an agent of the Government in the agent’s official capacity; and

(2) which, after having been received, is lost, destroyed, or so mutilated as to impair its value.

(c) When Federal Government Not Obligated.— The Government is not obligated under an agreement of indemnity if the obligee named in the agreement makes a payment or delivery not required by law on the original of the instrument or document covered by the agreement.

(d) Use of Fund for the Payment of Government Losses in Shipment.— The fund described in section 17303 of this title is available to pay any obligation arising out of an agreement the Secretary makes under this section.

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(a) Definition.— In this section, the term “Federal Government” includes wholly owned Government corporations, and officers and employees of the Government or its executive departments, independent establishments, and agencies while acting in their official capacity.

(b) Authority To Make Agreement.— The Secretary of the Treasury may make and deliver, on behalf of the Federal Government, a binding agreement of indemnity the Secretary considers necessary and proper to enable the Government to obtain the replacement of any instrument or document—

(1) received by the Government or an agent of the Government in the agent’s official capacity; and

(2) which, after having been received, is lost, destroyed, or so mutilated as to impair its value.

(c) When Federal Government Not Obligated.— The Government is not obligated under an agreement of indemnity if the obligee named in the agreement makes a payment or delivery not required by law on the original of the instrument or document covered by the agreement.

(d) Use of Fund for the Payment of Government Losses in Shipment.— The fund described in section 17303 of this title is available to pay any obligation arising out of an agreement the Secretary makes under this section.

Source

(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1282.)

Historical and Revision Notes
Revised Section	Source (U.S. Code)	Source (Statutes at Large)
17306(a)	40:729(a) (last sentence).	July 8, 1937, ch. 444, § 7(a) (last sentence), 50 Stat. 480; Aug. 10, 1939, ch. 665, § 3, 53 Stat. 1359.
17306(b)	40:725 (1st sentence words before proviso).	July 8, 1937, ch. 444, § 3b, as added Aug. 10, 1939, ch. 665, § 2, 53 Stat. 1359.
17306(c)	40:725 (1st sentence proviso).
17306(d)	40:725 (last sentence).

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Friday, May 3, 2013

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40 USC	Description of Change	Session Year	Public Law	Statutes at Large

40 USC § 17306 - Agreements of indemnity

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