46-U.S.C.-58102
§58102 – Default On Payment Or Maintenance of Reserves
Pathway
Title 46 > Subtitle V > Part G > Chapter 581 > Section 58102
Details
- Reference: Section 58102
- Legend: §58102 – Default On Payment Or Maintenance of Reserves
- USCode Year: 2013
Provision Content
The Secretary of Transportation may supervise the number and compensation of all officers and employees of a contractor under the operating-differential subsidy program or a charterer under chapter 575 of this title, receiving an operating-differential subsidy, if the contractor or charterer—
(1) is in default on a mortgage, note, purchase contract, or other obligation to the Secretary; or
(2) has not maintained, in a manner satisfactory to the Secretary, all of the reserves provided for in this subtitle.
(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1671.)
| Revised Section |
Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 58102 | 46 App.:1223(b). | June 29, 1936, ch. 858, title VIII, §805(b), 49 Stat. 2012; Pub. L. 97–31, §12(122), Aug. 6, 1981, 95 Stat. 164; Pub. L. 104–239, §4(b)(2), Oct. 8, 1996, 110 Stat. 3131. |
The words contractor under the operating-differential subsidy program or a charterer under chapter 575 of this title, receiving an operating-differential subsidy are substituted for contractor under part A of subchapter VI of this chapter or subchapter VII of this chapter receiving an operating-differential subsidy for the reasons explained under section 58101.
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