40 U.S.C. § 17301 — Definitions
submitted 24 years ago by Pub. L. 107-217 to r/title-40-PUBLIC-BUILDINGS-PROPERTY-AND-WORKS · 313 words · no verdicts yet
This section defines terms used in the chapter about replacing and shipping government valuables. It covers replacement, shipment, valuables, and wholly owned government corporations.
(1) "Replacement" includes payment, reimbursement, replacement, or duplication, and related expenses. (2) "Shipment" means transporting valuables or arranging their transportation, regardless of method, facility, or recipient, and includes shipments to federal departments, establishments, agencies, wholly owned or mixed-ownership corporations, officers, employees, and people acting for or at their direction. (3) "Valuables" means value-bearing articles or things in which the Government, its listed entities, or their officials and employees acting officially have an interest, obligation, or responsibility, and which the Treasury Secretary declares valuables under this chapter. The Secretary may not declare lost, destroyed, or damaged shipped items valuables unless replacement under this chapter would be in the public interest. (4) "Wholly owned Government corporation" means a corporation whose capital is entirely government-owned, regardless of incorporation law, and includes its authorized officers, employees, and agents.
In this chapter, the following definitions apply:
The term “replacement” means payment, reimbursement, replacement, or duplication or the expenses incident to payment, reimbursement, replacement, or duplication.
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 shipments made to any executive department, independent establishment, agency, wholly owned or mixed-ownership Government corporation, officer, or employee of the Federal Government, or any person acting on behalf of, or at the direction of, the executive department, independent establishment, agency, wholly or partly owned Government corporation, officer, or employee.
The term “valuables” means any articles or things or representatives of value—
in which the Government, its executive departments, independent establishments, and agencies, including 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, have any interest, or in connection with which they have any obligation or responsibility; and
which the Secretary of the Treasury declares to be valuables within the meaning of this chapter.
The Secretary shall not declare articles or things that are lost, destroyed, or damaged in the course of shipment to be valuables unless the Secretary determines that replacement of the articles or things in accordance with the procedure established in this chapter would be in the public interest.
The term “wholly owned Government corporation”—
means any corporation, regardless of the law under which it is incorporated, the capital of which is entirely owned by the Government; and
includes the authorized officers, employees, and agents of the corporation.
Source credit: (Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1280.)
- 2002Enacted · Pub. L. 107-217 · 116 Stat. 1280
A history note hasn’t been published yet. The record shows enactment by Pub. L. 107-217 on 2002-08-21.
all 0 arguments · sorted by: best
no arguments yet — make the first case