Skip to main content
Find a Lawyer

46 U.S.C. § 51505 - U.S. Code - Unannotated Title 46. Shipping § 51505. Annual payments for maintenance and support

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Payment agreements.--The Secretary of Transportation may make an agreement (effective for not more than 4 years) with the following academies to provide annual payments to those academies for their maintenance and support:

(1) One State maritime academy in each State that satisfies section 51506(a) of this title.

(2) Each regional maritime academy that satisfies section 51506(a) of this title.

(b) Payments.--

(1) In general.--Subject to paragraph (2), an annual payment to an academy under subsection (a) shall be at least equal to the amount given to the academy for its maintenance and support by the State in which it is located, or, for a regional maritime academy, by all States cooperating to sponsor the academy.

(2)Maximum.--The amount under paragraph (1) may not be more than $25,000, unless the academy satisfies section 51506(b) of this title.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - 46 U.S.C. § 51505 - U.S. Code - Unannotated Title 46. Shipping § 51505. Annual payments for maintenance and support - last updated January 01, 2024 | https://codes.findlaw.com/us/title-46-shipping/46-usc-sect-51505/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard