2012 US Code
Title 46 - Shipping
Subtitle V - Merchant Marine (§§ 50101 - 58109)
Part C - Financial Assistance Programs (§§ 53101 - 54101)
Chapter 533 - CONSTRUCTION RESERVE FUNDS (§§ 53301 - 53312)
Section 53303 - Persons eligible to establish funds

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Metadata
Publication TitleUnited States Code, 2012 Edition, Title 46 - SHIPPING
CategoryBills and Statutes
CollectionUnited States Code
SuDoc Class NumberY 1.2/5:
Contained WithinTitle 46 - SHIPPING
Subtitle V - Merchant Marine
Part C - Financial Assistance Programs
CHAPTER 533 - CONSTRUCTION RESERVE FUNDS
Sec. 53303 - Persons eligible to establish funds
Containssection 53303
Date2012
Laws in Effect as of DateJanuary 15, 2013
Positive LawYes
Dispositionstandard
Source CreditPub. L. 109-304, §8(c), Oct. 6, 2006, 120 Stat. 1587.
Statutes at Large References54 Stat. 1106
57 Stat. 157
66 Stat. 762
120 Stat. 1587
Public Law ReferencePublic Law 109-304

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CONSTRUCTION RESERVE FUNDS - 46 U.S.C. § 53303 (2012)
§53303. Persons eligible to establish funds

A construction reserve fund may be established by a citizen of the United States that—

(1) is operating a vessel in the foreign or domestic commerce of the United States or in the fisheries;

(2) owns, in whole or in part, a vessel being operated in the foreign or domestic commerce of the United States or in the fisheries;

(3) was operating a vessel in the foreign or domestic commerce of the United States or in the fisheries when it was bought or requisitioned by the United States Government;

(4) owned, in whole or in part, a vessel being operated in the foreign or domestic commerce of the United States or in the fisheries when it was bought or requisitioned by the Government; or

(5) had acquired or was having constructed a vessel to operate in the foreign or domestic commerce of the United States or in the fisheries when it was bought or requisitioned by the Government.

(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1587.)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
53303 46 App.:1161(b) (1st sentence words between 6th and 10th commas). June 29, 1936, ch. 858, title V, §511(b) (1st sentence words between 6th and 10th commas), 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.

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