2012 US Code
Title 46 - Shipping
Subtitle V - Merchant Marine (§§ 50101 - 58109)
Part G - Restrictions and Penalties (§§ 58101 - 58109)
Chapter 581 - RESTRICTIONS AND PENALTIES (§§ 58101 - 58109)
Section 58102 - Default on payment or maintenance of reserves
| Publication Title | United States Code, 2012 Edition, Title 46 - SHIPPING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 46 - SHIPPING Subtitle V - Merchant Marine Part G - Restrictions and Penalties CHAPTER 581 - RESTRICTIONS AND PENALTIES Sec. 58102 - Default on payment or maintenance of reserves |
| Contains | section 58102 |
| Date | 2012 |
| Laws in Effect as of Date | January 15, 2013 |
| Positive Law | Yes |
| Disposition | standard |
| Source Credit | Pub. L. 109-304, §8(c), Oct. 6, 2006, 120 Stat. 1671. |
| Statutes at Large References | 49 Stat. 2012 95 Stat. 164 110 Stat. 3131 120 Stat. 1671 |
| Public Law References | Public Law 97-31, Public Law 104-239, Public Law 109-304 |
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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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