FEDERAL · 46 U.S.C. · Chapter 534

Award of operating agreements

Current through Pub. L. 119-102
Title 46Shipping·Ch. 534 — TANKER SECURITY FLEET
(a)In General.—The Secretary of Transportation shall require, as a condition of including any vessel in the Fleet, that the program participant of the vessel enter into an operating agreement with the Secretary under this section.
(b)Procedure for Applications.—
(1)Eligible vessels.—The Secretary of Transportation shall accept an application for an operating agreement for an eligible product tank vessel under the priority under paragraph (2) only from a person that has authority to enter into an operating agreement under this chapter.
(2)Establishment of priority.—The Secretary of Transportation may enter into a new operating agreement with an applicant that meets the requirements of section 53402(c) for a vessel that meets the qualifications of section 53402(b), and shall give priorit

Free access — add to your briefcase to read the full text and ask questions with AI

46 U.S.C. § 53403 (Award of operating agreements) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

§ 53402
46 U.S.C. § 53402
§ 53406
46 U.S.C. § 53406

Source Credit

History

(Added Pub. L. 116–283, div. C, title XXXV, §3511(a), Jan. 1, 2021, 134 Stat. 4412; amended Pub. L. 117–263, div. C, title XXXV, §3501(b)(2), Dec. 23, 2022, 136 Stat. 3064.)

Editorial Notes

Editorial Notes

Amendments
2022—Subsec. (c). Pub. L. 117–263 substituted "The Secretary" for "For any fiscal year, the Secretary" and "more than—" for "more than 10 vessels", designated existing provisions as introductory provisions, and added pars. (1) and (2).