§ 642. — Deposit of damage payments.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 14USC642]
TITLE 14--COAST GUARD
PART I--REGULAR COAST GUARD
CHAPTER 17--ADMINISTRATION
Sec. 642. Deposit of damage payments
Whenever an aid to navigation or other property belonging to the
Coast Guard is damaged or destroyed by a private person, and such
private person or his agent shall pay to the satisfaction of the proper
official of the Coast Guard for the cost of repair or replacement of
such property, the Commandant may accept and deposit such payments,
through proper officers of the Fiscal Service, Treasury Department, in
special deposit accounts in the Treasury, for payment therefrom to the
person or persons repairing or replacing the damaged property and
refundment of amounts collected in excess of the cost of the repairs or
replacements concerned. In the event that repair or replacement of the
damaged property is effected by the Coast Guard, the appropriations
bearing the cost thereof and current at the time collection is made
shall be reimbursed from the special deposit account.
(Aug. 4, 1949, ch. 393, 63 Stat. 547.)
Historical and Revision Notes
Based on title 33, U.S.C., 1946 ed., Sec. 721a (Aug. 16, 1937, ch.
665, Sec. 2, 50 Stat. 667).
Changes were made in phraseology. 81st Congress, House Report No.
557.
