FEDERAL · 46 U.S.C. · Chapter 533
Eligible fund deposits
46 U.S.C. § 53305
Title46 — Shipping
Chapter533 — CONSTRUCTION RESERVE FUNDS
This text of 46 U.S.C. § 53305 (Eligible fund deposits) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
46 U.S.C. § 53305.
Text
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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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.
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Bluebook (online)
46 U.S.C. § 53305, Counsel Stack Legal Research, https://law.counselstack.com/usc/46/53305.