14 U.S.C. § 546: Deposit of damage payments

Summary

When a private person damages Coast Guard property (like an aid to navigation) and pays an amount the Coast Guard accepts for repair or replacement, the Commandant may take that payment and place it in a special Treasury account through the Fiscal Service. Money in that account can be used to pay the person who repaired or replaced the property and to refund any overpayment; if the Coast Guard itself paid for the repair, the fund used then must be paid back from that special account.

Title 14, §546

Coast Guard, Source: USLM XML via OLRC

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.

Historical and Revision Notes

Based on title 33, U.S.C., 1946 ed., § 721a (Aug. 16, 1937, ch. 665, § 2, 50 Stat. 667). Changes were made in phraseology. 81st Congress,

House Report No. 557

Editorial Notes

Amendments

2018—Pub. L. 115–282 renumbered section 642 of this title as this section.

§546 Deposit of Damage Payments