14 U.S.C. § 642 : US Code - Section 642: Deposit of damage payments

Search 14 U.S.C. § 642 : US Code - Section 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.