Title 20 — EducationRelease 119-73

§973 Application for indemnity agreements

Title 20 › Chapter CHAPTER 26A— - INDEMNITY FOR EXHIBITIONS OF ARTS AND ARTIFACTS › § 973

Last updated Apr 6, 2026|Official source

Summary

Anyone — a person, nonprofit, institution, or government — who wants an indemnity agreement must apply using the form and steps the Council sets. The application must list each item and its estimated value, show proof the items meet the rules in section 972(a), and explain how the items will be prepared, displayed, and transported. If the application meets the rules, the Council will approve it and make an indemnity contract. That contract includes a U.S. government guarantee to pay any amounts the Council becomes liable for, and the Council is allowed to give that guarantee.

Full Legal Text

Title 20, §973

Education — Source: USLM XML via OLRC

(a)Any person, nonprofit agency, institution, or government desiring to make an indemnity agreement for eligible items under this chapter shall make application therefor in accordance with such procedures, in such form, and in such manner as the Council shall, by regulation, prescribe.

(b)An application under subsection (a) shall—

(1)describe each item to be covered by the agreement (including an estimated value of such item);

(2)show evidence that the items are eligible under section 972(a) of this title; and

(3)set forth policies, procedures, techniques, and methods with respect to preparation for, and conduct of, exhibition of the items, and any transportation related to such items.

(c)Upon receipt of an application under this section, the Council shall, if such application conforms with the requirements of this chapter, approve the application and make an indemnity agreement with the applicant. Upon such approval, the agreement shall constitute a contract between the Council and the applicant pledging the full faith and credit of the United States to pay any amount for which the Council becomes liable under such agreement. The Council, for such purpose, is hereby authorized to pledge the full faith and credit of the United States.

Reference

Citations & Metadata

Citation

20 U.S.C. § 973

Title 20 — Education

Last Updated

Apr 6, 2026

Release point: 119-73