§ 53302. Authority for construction reserve funds

107 words·~1 min read·/usc/title-46/section-53302

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(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.

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

In subsection (a), the words “necessary to carrying out the policy set forth in section 1101 of this Appendix” are omitted as unnecessary.

Connectionstraces to 1

Traces to 1 document

U.S. Code

Persons eligible to establish funds
§ 53303

2 references not yet in our index

Pub. L. 109–304, § 8(c)
120 Stat. 1587

Citation graph

cites case law

§ 53302

Authority for construction reserve funds

U.S.C.§ 53303

Pub. L.Pub. L. 109–304, § 8(c)

Stat.120 Stat. 1587

Cites 3Cited by 0 across 0 sources