46 U.S.C. · Shipping
46 U.S.C. § 56306

Use and transfer of vessels

Ch. 563 — EMERGENCY ACQUISITION OF VESSELS
Title 46 U.S.C. ● ACTIVE Primary Source Ch. 563
Statutory Text

46 U.S.C. § 56306 — Use and transfer of vessels

U.S.C. Title 46 - SHIPPING 46 U.S.C. United States Code, 2023 Edition Title 46 - SHIPPING Subtitle V - Merchant Marine Part E - Control of Merchant Marine Capabilities CHAPTER 563 - EMERGENCY ACQUISITION OF VESSELS Sec. 56306 - Use and transfer of vessels From the U.S. Government Publishing Office, www.gpo.gov

§56306. Use and transfer of vessels

(a) In General.—The Secretary of Transportation may repair, recondition, reconstruct, operate, or charter for operation, a vessel acquired under this chapter. (b) Transfer to Other Agencies.—The Secretary may transfer the possession or control of a vessel acquired under this chapter to another department or agency of the United States Government on terms and conditions approved by the President. The department or agency shall promptly reimburse the Secretary for expenditures for just compensation, purchase price, charter hire, repairs, reconditioning, or reconstruction.

(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1656.)

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

56306 46 App.:1242(e). June 29, 1936, ch. 858, title IX, §902(e); as added Aug. 7, 1939, ch. 555, §3, 53 Stat. 1256; Pub. L. 97–31, §12(131), Aug. 6, 1981, 95 Stat. 165.

In this section, the word "vessel" is substituted for "property" for consistency in the chapter. In subsection (b), the words "Such reimbursements shall be deposited in the construction fund established by section 1116 of this Appendix" are omitted as impliedly repealed by 46 App. U.S.C. 1119 as amended in 1967.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 46 U.S.C. § 56306 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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