2013 US Code
Title 46 - Shipping
Subtitle V - Merchant Marine (§§ 50101 - 58109)
Part F - Government-Owned Merchant Vessels (§§ 57101 - 57533)
Chapter 575 - CONSTRUCTION, CHARTER, AND SALE OF VESSELS (§§ 57501 - 57533)
Subchapter I - GENERAL (§§ 57501 - 57506)
Section 57506 - Minimum selling price of vessels
Publication Title | United States Code, 2012 Edition, Supplement 1, 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 F - Government-Owned Merchant Vessels CHAPTER 575 - CONSTRUCTION, CHARTER, AND SALE OF VESSELS SUBCHAPTER I - GENERAL Sec. 57506 - Minimum selling price of vessels |
Contains | section 57506 |
Date | 2013 |
Laws in Effect as of Date | January 16, 2014 |
Positive Law | Yes |
Disposition | standard |
Source Credit | Pub. L. 109-304, §8(c), Oct. 6, 2006, 120 Stat. 1665. |
Statutes at Large References | 49 Stat. 1985 53 Stat. 1185 74 Stat. 216, 217 95 Stat. 163 120 Stat. 1665 |
Public Law References | Public Law 86-518, Public Law 97-31, Public Law 109-304 |
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(a)
(b)
(c)
(d)
(1) a 25-year life for dry-cargo and passenger vessels; and
(2) a 20-year life for tankers and other bulk liquid carrier vessels.
(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1665.)
Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
---|---|---|
57506 | 46 App.:1195 (last sentence). | June 29, 1936, ch. 858, title VII, §705 (last sentence), as added Aug. 4, 1939, ch. 417, §11(a), 53 Stat. 1185; Pub. L. 86–518, §1, June 12, 1960, 74 Stat. 216; Pub. L. 97–31, §12(107), Aug. 6, 1981, 95 Stat. 163. |
46 App.:1125 note. | Pub. L. 86–518, §9, June 12, 1960, 74 Stat. 217. |
Subsection (d) is substituted for "less depreciation based on a twenty-five year life" because of section 9 of Public Law 86–518 (June 12, 1960, 74 Stat. 217), which provided that "Nothing in any amendment made by this Act [including section 1 substituting 'twenty-five' for 'twenty' in 46 App. U.S.C. 1195] shall operate or be interpreted to change from twenty to twenty-five years the provisions of the Merchant Marine Act, 1936, as amended, relating to the commercial expectancy or period of depreciation of any tanker or other liquid bulk carrier."
REFERENCES IN TEXTThe Merchant Marine Act, 1936, referred to in subsec. (a), is act June 29, 1936, ch. 858, 49 Stat. 1985, which enacted provisions set out as notes under section 53101 of this title. For complete classification of this Act to the Code, see Short Title of 1936 Amendment note set out under section 101 of this title and Tables.
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