Sec. 308. Vessel disposal program
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Not later than January 1 of each year, the Administrator of the Maritime Administration shall submit to the Committee on Commerce, Science, and Transportation of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives a report on the management of the vessel disposal program of the Maritime Administration. The report under subsection
(a)shall include— the total amount of funds credited in the prior fiscal year to— the Vessel Operations Revolving Fund established by section 50301(a) of title 46, United States Code; and any other account attributable to the vessel disposal program of the Maritime Administration; the balance of funds available at the end of that fiscal year in— the Vessel Operations Revolving Fund; and any other account described in paragraph (1)(B); in consultation with the Secretary of the Interior, the total number of— grant applications under the National Maritime Heritage Grants Program in the prior fiscal year; and the applications under subparagraph
(A)that were approved by the Secretary of the Interior, acting through the National Maritime Initiative of the National Park Service; a detailed description of each project funded under the National Maritime Heritage Grants Program in the prior fiscal year for which funds from the Vessel Operations Revolving Funds were obligated, including the information described in paragraphs
(1)through
(3)of section 308703(j) of title 54, United States Code; and a detailed description of the funds credited to and distributions from the Vessel Operations Revolving Funds in the prior fiscal year. Not later than 1 year after the date of enactment of this Act, and biennially thereafter, the Administrator shall assess the vessel disposal program of the Maritime Administration. Each assessment under paragraph
(1)shall include— an inventory of each vessel, subject to a disposal agreement, for which the Maritime Administration acts as the disposal agent, including— the age of the vessel; and the name of the Federal agency with which the Maritime Administration has entered into a disposal agreement; a description of each vessel of a Federal agency that may meet the criteria for the Maritime Administration to act as the disposal agent, including— the age of the vessel; and the name of the applicable Federal agency; the Maritime Administration’s plan to serve as the disposal agent, as appropriate, for the vessels described in subparagraph (B); and any other information related to the vessel disposal program that the Administrator determines appropriate. This section ceases to be effective on the date that is 5 years after the date of enactment of this Act.