FEDERAL · 46 U.S.C. · Chapter 573
Authority to acquire vessels
Current through Pub. L. 119-102
To promote the construction of new, safe, and efficient vessels to carry the domestic and foreign waterborne commerce of the United States, the Secretary of Transportation may acquire an obsolete vessel in exchange for an allowance of credit toward the cost of construction or purchase of a new vessel as provided in this chapter.
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46 U.S.C. § 57302 (Authority to acquire vessels) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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History
(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1662.)
Editorial Notes
The words "toward the cost of construction or purchase of a new vessel" are added for clarity. The text of 46 App. U.S.C. 1160(b) (last sentence) is omitted as obsolete.