FEDERAL · 46 U.S.C. · Chapter 534

Award of operating agreements

46 U.S.C. § 53403
Title46Shipping
Chapter534 — TANKER SECURITY FLEET

This text of 46 U.S.C. § 53403 (Award of operating agreements) 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. § 53403.

Text

(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

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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).

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Bluebook (online)
46 U.S.C. § 53403, Counsel Stack Legal Research, https://law.counselstack.com/usc/46/53403.