46 U.S.C. · Shipping
46 U.S.C. § 57503

Competitive bidding

Ch. 575 — CONSTRUCTION, CHARTER, AND SALE OF VESSELS
Title 46 U.S.C. ● ACTIVE Primary Source Ch. 575
Statutory Text

46 U.S.C. § 57503 — Competitive bidding

U.S.C. Title 46 - SHIPPING 46 U.S.C. United States Code, 2023 Edition Title 46 - SHIPPING Subtitle V - Merchant Marine Part F - Government-Owned Merchant Vessels CHAPTER 575 - CONSTRUCTION, CHARTER, AND SALE OF VESSELS SUBCHAPTER I - GENERAL Sec. 57503 - Competitive bidding From the U.S. Government Publishing Office, www.gpo.gov

§57503. Competitive bidding

(a) Advertisement and Bidding.—The Secretary of Transportation may make a contract with a private shipbuilder for the construction of a new vessel, or for the reconstruction or reconditioning of an existing vessel, only after due advertisement and upon sealed competitive bids. (b) Opening of Bids.—Bids required under this section shall be opened at the time and place stated in the advertisement for bids. All interested persons, including representatives of the press, shall be permitted to attend. The results of the bidding shall be publicly announced.

(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1665.)

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

57503(a) 46 App.:1193(a). June 29, 1936, ch. 858, title VII, §703(a), (c) (related to construction, reconstruction, or reconditioning), 49 Stat. 2008; Pub. L. 97–31, §12(105), Aug. 6, 1981, 95 Stat. 163.

57503(b) 46 App.:1193(c) (related to construction, reconstruction, or reconditioning).

In subsection (b), the words "Bids required under this section" are substituted for "All bids required by the Secretary of Transportation for the construction, reconstruction, or reconditioning of vessels" to eliminate unnecessary words. The word "hour" is omitted as covered by "time".

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 46 U.S.C. § 57503 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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