46-U.S.C.-53503
§53503 – Establishing A Capital Construction Fund
Pathway
Title 46 > Subtitle V > Part C > Chapter 535 > Section 53503
Details
- Reference: Section 53503
- Legend: §53503 – Establishing A Capital Construction Fund
- USCode Year: 2013
Provision Content
(a) In General.—A citizen of the United States owning or leasing an eligible vessel may make an agreement with the Secretary under this chapter to establish a capital construction fund for the vessel.
(b) Allowable Purpose.—The purpose of the agreement shall be to provide replacement vessels, additional vessels, or reconstructed vessels, built in the United States and documented under the laws of the United States, for operation in the United States foreign, Great Lakes, noncontiguous domestic, or short sea transportation trade or in the fisheries of the United States.
(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1593; Pub. L. 110–140, title XI, §1122(b), Dec. 19, 2007, 121 Stat. 1762.)
| Revised Section |
Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 53503(a) | 46 App.:1177(a) (1st sentence). | June 29, 1936, ch. 858, title VI, §607(a) (1st sentence), (2d sentence related to purpose), 49 Stat. 2005; June 23, 1938, ch. 600, §§23–28, 52 Stat. 960; Aug. 4, 1939, ch. 417, §10, 53 Stat. 1185; July 17, 1952, ch. 939, §§17–19, 66 Stat. 764; Pub. L. 85–637, Aug. 14, 1958, 72 Stat. 216; Pub. L. 86–518, §1, June 12, 1960, 74 Stat. 216; Pub. L. 87–45, §6, May 27, 1961, 75 Stat. 91; Pub. L. 87–271, Sept. 21, 1961, 75 Stat. 570; restated Pub. L. 91–469, §21(a), Oct. 21, 1970, 84 Stat. 1026; Pub. L. 97–31, §12(97)(A), Aug. 6, 1981, 95 Stat. 162. |
| 53503(b) | 46 App.:1177(a) (2d sentence related to purpose). |
Amendments
2007—Subsec. (b). Pub. L. 110–140 substituted noncontiguous domestic, or short sea transportation trade for or noncontiguous domestic trade.
Effective Date of 2007 Amendment
Amendment by Pub. L. 110–140 effective on the date that is 1 day after Dec. 19, 2007, see section 1601 of Pub. L. 110–140, set out as an Effective Date note under section 1824 of Title 2, The Congress.
U.S. Encyclopedia of Law Coverage
Chapter 535 – Capital Construction Funds in the Legal Encyclopedia: Shipping
In this entry about Chapter 535 – Capital Construction Funds, find legal reference material, bibliographies and premiere content related to shipping in the American Encyclopedia of Law, presenting a comprehensive view of the United States shipping-specific issues, written by authorities in the field.
46-U.S.C.-53312 in the Legal Encyclopedia: Programs
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46-U.S.C.-53108 in the Legal Encyclopedia: Merchant Marine
In this entry about 46-U.S.C.-53108, find legal reference material, bibliographies and premiere content related to merchant marine in the American Encyclopedia of Law, presenting a comprehensive view of the United States merchant marine-specific issues, written by authorities in the field.
46-U.S.C.-53310 in the Legal Encyclopedia: Financial Assistance
In this entry about 46-U.S.C.-53310, find legal reference material, bibliographies and premiere content related to financial assistance in the American Encyclopedia of Law, presenting a comprehensive view of the United States financial assistance-specific issues, written by authorities in the field.
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