FEDERAL · 46 U.S.C. · Chapter 533
Authority for construction reserve funds
Current through Pub. L. 119-102
(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.
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46 U.S.C. § 53302 (Authority for construction reserve funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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§ 53303
46 U.S.C. § 53303
Source Credit
History
(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1587.)
Editorial Notes
In subsection (a), the words "necessary to carrying out the policy set forth in section 1101 of this Appendix" are omitted as unnecessary.