40 USC 17303 - Fund for the Payment of Government Losses in Shipment

(a) Establishment.—There is a revolving fund in the Treasury known as "the fund for the payment of Government losses in shipment".

(b) Use.—The fund shall be used for the replacement of valuables, or the value of valuables, lost, destroyed, or damaged while being shipped in accordance with regulations prescribed under section 17302 of this title.

(c) Unavailability.—The fund is not available with respect to any loss, destruction, or damage affecting valuables—

(1) that relates to property of the United States Postal Service that is chargeable to its officers or employees; or

(2) of which shipment shall have been made at the risk of persons other than the Federal Government and the executive departments, independent establishments, agencies, wholly owned Government corporations, officers and employees of the Government.

(d) Crediting of Recoveries and Repayments.—All recoveries and repayments on account of loss, destruction, or damage to valuables for which replacement is made out of the fund shall be credited to it and are available for the purposes of the fund.

(e) Appropriations.—Necessary amounts are appropriated for the fund.

(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1281.)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
17303(a) 40:722 (3d sentence words before 2d comma). July 8, 1937, ch. 444, §2, 50 Stat. 479.
17303(b) 40:722 (1st sentence words after 5th comma).
  40:723 (2d sentence 2d proviso). July 8, 1937, ch. 444, §3 (2d sentence 2d, last provisos, last sentence), 50 Stat. 480; Aug. 10, 1939, ch. 665, §1, 53 Stat. 1358; Pub. L. 91–375, §6(m)(4), Aug. 12, 1970, 84 Stat. 782.
17303(c) 40:723 (2d sentence last proviso).
17303(d) 40:723 (last sentence).
17303(e) 40:722 (1st sentence words before 5th comma, 2d sentence, 3d sentence words after 2d comma, last sentence).
  40:722a. Pub. L. 103–329, title I (par. under heading "Payment of Government Losses in Shipment"), Sept. 30, 1994, 108 Stat. 2387.

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Last modified: October 26, 2015