FEDERAL · 46 U.S.C. · Chapter 533
Eligible fund deposits
Current through Pub. L. 119-102
A construction reserve fund may include deposits of—
(1)the proceeds from the sale of a vessel;
(2)indemnities for the loss of a vessel;
(3)earnings from the operation of a documented vessel and from services incident to the operation; and
(4)interest or other amounts accrued on deposits in the fund.
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46 U.S.C. § 53305 (Eligible fund deposits) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Source Credit
History
(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1588.)
Editorial Notes
In paragraph (3), the words "documented vessel" are substituted for "vessels documented under the laws of the United States" because of the definition of "documented vessel" in chapter 1 of the revised title.
In paragraph (4), the words "interest or other amounts accrued on deposits in the fund" are substituted for "receipts, in the form of interest or otherwise, with respect to amounts previously deposited" for clarity and to eliminate unnecessary words.
In paragraph (4), the words "interest or other amounts accrued on deposits in the fund" are substituted for "receipts, in the form of interest or otherwise, with respect to amounts previously deposited" for clarity and to eliminate unnecessary words.