46 U.S.C. § 53302 Authority For Construction Reserve Funds

• Library: United States Statutes
• Edition: 2023 Edition
• Currency: Current through P.L. 118-19 (published on www.congress.gov on 10/06/2023)

(a) GENERAL AUTHORITY.-An eligible person under section 53303 of this title may establish a construction reserve fund for the construction, reconstruction, reconditioning, or acquisition of a new vessel or for other purposes authorized by this chapter.

(b) APPLICATION OF CERTAIN LAWS AND REGULATIONS.-The fund shall be established, maintained, expended, and used as provided by this chapter and regulations prescribed jointly by the Secretary of Transportation and the Secretary of the Treasury.

Cite as 46 U.S.C. § 53302

Source: Pub. L. 109-304, §8(c), Oct. 6, 2006, 120 Stat. 1587.

current through 7/7/2023

<TABLE> <TR><TD colspan="3">HISTORICAL AND REVISION NOTES</TD> </TR> <TR> <TD>Revised <para>Section</para> </TD> <TD>Source (U.S. Code)</TD> <TD>Source (Statutes at Large)</TD> </TR> <TR> <TD>53302(a)</TD> <TD>46 App.:1161(b) (1st sentence words before 6th comma and between 10th and 16th commas).</TD> <TD>June 29, 1936, ch. 858, title V, §511(b) (1st sentence words before 6th comma and between 10th and 16th commas, last sentence), as added Oct. 10, 1940, ch. 849, 54 Stat. 1106; June 17, 1943, ch. 130, subdiv. (a), 57 Stat. 157; July 17, 1952, ch. 939, §9, 66 Stat. 762; Pub. L. 97-31, §12(92)(A), Aug. 6, 1981, 95 Stat. 161.</TD> </TR> <TR> <TD>53302(b)</TD> <TD>46 App.:1161(b) (last sentence).</TD> <TD/> </TR> </TABLE>