Statutory Text

46 U.S.C. § 53305 — Eligible fund deposits

U.S.C. Title 46 - SHIPPING 46 U.S.C. United States Code, 2023 Edition Title 46 - SHIPPING Subtitle V - Merchant Marine Part C - Financial Assistance Programs CHAPTER 533 - CONSTRUCTION RESERVE FUNDS Sec. 53305 - Eligible fund deposits From the U.S. Government Publishing Office, www.gpo.gov

§53305. Eligible fund deposits

A construction reserve fund may include deposits of— (1) the proceeds from the sale of a vessel; (2) indemnities for the loss of a vessel; (3) earnings from the operation of a documented vessel and from services incident to the operation; and (4) interest or other amounts accrued on deposits in the fund.

(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1588.)

Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large)

53305 46 App.:1161(b) (1st sentence words after 16th comma). June 29, 1936, ch. 858, title V, §511(b) (1st sentence words after 16th comma), as added Oct. 10, 1940, ch. 849, 54 Stat. 1106; June 17, 1943, ch. 130, subdiv. (a), 57 Stat. 157; July 17, 1952, ch. 939, §9, 66 Stat. 762.

In paragraph (3), the words "documented vessel" are substituted for "vessels documented under the laws of the United States" because of the definition of "documented vessel" in chapter 1 of the revised title. In paragraph (4), the words "interest or other amounts accrued on deposits in the fund" are substituted for "receipts, in the form of interest or otherwise, with respect to amounts previously deposited" for clarity and to eliminate unnecessary words.

Source: uscode.house.gov — public domain Official Source ↗

Root-LD Entity Data

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Federation ID

BS-USC46-SEC-A26FCD

Entity Class

STATUTE / FEDERAL-CODE-SECTION

Domain Signature

boisestandard.org

Citation

46 U.S.C. § 53305

Jurisdiction

Federal — United States

Status

✓ ACTIVE

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PRIMARY-SOURCE

Source Verified

✓ TRUE

Content Hash

65024f4023f5ad39...

Semantic Edges

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The statutory text of 46 U.S.C. § 53305 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).

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← 46 U.S.C. § 53304 46 U.S.C. § 53306 →

Ch. 533 — CONSTRUCTION RESERVE FUNDS

46 U.S.C. § 53301 46 U.S.C. § 53302 46 U.S.C. § 53303 46 U.S.C. § 53304 46 U.S.C. § 53305 46 U.S.C. § 53306 46 U.S.C. § 53307 46 U.S.C. § 53308 46 U.S.C. § 53309 46 U.S.C. § 53310 46 U.S.C. § 53311 46 U.S.C. § 53312

46 U.S.C. — public domain ← All Legislation