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46 U.S.C. § 53302 - U.S. Code - Unannotated Title 46. Shipping § 53302. Authority for construction reserve funds

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

(a) General authority.--An eligible person under section 53303 of this title may establish a construction reserve fund for the construction, reconstruction, reconditioning, or acquisition of a new vessel or for other purposes authorized by this chapter.

(b) Application of certain laws and regulations.--The fund shall be established, maintained, expended, and used as provided by this chapter and regulations prescribed jointly by the Secretary of Transportation and the Secretary of the Treasury.

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Cite this article: FindLaw.com - 46 U.S.C. § 53302 - U.S. Code - Unannotated Title 46. Shipping § 53302. Authority for construction reserve funds - last updated January 01, 2024 | https://codes.findlaw.com/us/title-46-shipping/46-usc-sect-53302/

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