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40 U.S.C. § 17305 — Replacing lost, destroyed, or damaged stamps, securities, obligations, or money

submitted 24 years ago by Pub. L. 107-217 to r/title-40-PUBLIC-BUILDINGS-PROPERTY-AND-WORKS · 91 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Treasury-loss fund replaces certain Federal Government stamps, securities, obligations, and money lost, destroyed, or damaged while held by the Postal Service as the Treasury Secretary’s agent. The replacement is available regardless of how the loss occurred.

Federal stamps, securities, other obligations, or money that are lost, destroyed, or damaged while in the Postal Service’s custody, possession, or charge, when the Service is acting for the Treasury Secretary in selling those items or collecting the money, must be replaced from the fund in section 17303 under regulations the Secretary may issue. This applies regardless of how the loss, destruction, or damage occurred.

the actual law source: uscode.house.gov ↗public domain

Stamps, securities, or other obligations of the Federal Government, or money lost, destroyed, or damaged while in the custody or possession of, or charged to, the United States Postal Service while it is acting as agent for, or on behalf of, the Secretary of the Treasury for the sale of the stamps, securities, or obligations and for the collection of the money, shall be replaced out of the fund described in section 17303 of this title under regulations the Secretary may prescribe, regardless of how the loss, destruction, or damage occurs.

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

history & why it existsrecord from the source credit
  • 2002Enacted · Pub. L. 107-217 · 116 Stat. 1282

A history note hasn’t been published yet. The record shows enactment by Pub. L. 107-217 on 2002-08-21.

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