46 U.S.C. § 58102 Default On Payment Or Maintenance of Reserves

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

The Secretary of Transportation may supervise the number and compensation of all officers and employees of a contractor under the operating-differential subsidy program or a charterer under chapter 575 of this title, receiving an operating-differential subsidy, if the contractor or charterer-

(1) is in default on a mortgage, note, purchase contract, or other obligation to the Secretary; or

(2) has not maintained, in a manner satisfactory to the Secretary, all of the reserves provided for in this subtitle.

Cite as 46 U.S.C. § 58102

Source: Pub. L. 109-304, §8(c), Oct. 6, 2006, 120 Stat. 1671.

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>58102</TD> <TD>46 App.:1223(b).</TD> <TD>June 29, 1936, ch. 858, title VIII, §805(b), 49 Stat. 2012; Pub. L. 97-31, §12(122), Aug. 6, 1981, 95 Stat. 164; <actcitation href="" statecd="US" sessionyear="1996" actaltid="104-239">Pub. L. <actid>104-239</actid></actcitation>, <actseccitation href="" statecd="US" sessionyear="1996" actaltid="104-239">§<actsec>4</actsec>(b)(2), Oct. 8, <sessionyear>1996</sessionyear></actseccitation>, 110 Stat. 3131.</TD> </TR> </TABLE>