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U.S. Code, Title 40, Public Buildings, Property, and Works
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General SummaryThe U.S. Code is a consolidation and codification by subject matter of the general and permanent laws of the United States. While every effort has been made to ensure that this reproduction of the Code is accurate, those using it for legal purposes should verify their results against the printed version of the Code available through the Government Printing Office.
§ 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, § 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, § 1, Sept. 6, 1966, 80 Stat. 378.
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Chicago: "U.S. Congress, Office of the Law Revision Counsel", "§ 726. Purchase of Insurance," U.S. Code, Title 40, Public Buildings, Property, and Works in U.S. Code, Title 40, Public Buildings, Property, and Works (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed March 27, 2025, http://www.originalsources.com/Document.aspx?DocID=4WYAXEC678DHM2J.
MLA: "U.S. Congress, Office of the Law Revision Counsel". "§ 726. Purchase of Insurance." U.S. Code, Title 40, Public Buildings, Property, and Works, in U.S. Code, Title 40, Public Buildings, Property, and Works, Washington, D.C., Government Printing Office, 2002, Original Sources. 27 Mar. 2025. http://www.originalsources.com/Document.aspx?DocID=4WYAXEC678DHM2J.
Harvard: "U.S. Congress, Office of the Law Revision Counsel", '§ 726. Purchase of Insurance' in U.S. Code, Title 40, Public Buildings, Property, and Works. cited in 2002, U.S. Code, Title 40, Public Buildings, Property, and Works, Government Printing Office, Washington, D.C.. Original Sources, retrieved 27 March 2025, from http://www.originalsources.com/Document.aspx?DocID=4WYAXEC678DHM2J.
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