Sec. 4322. Sale of obsolete naval vessels
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/bill/113/hr/1793/ih/section-4322·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For purposes of section 4311(a), the actual value of a naval vessel of 3,000 tons or less and 20 years or more of age shall be considered to be not less than the greater of the scrap value or fair value (including conversion costs) of such vessel, as determined by the Secretary of Defense.