2014 US Code
Title 10 - Armed Forces (Sections 101 - 18506)
Subtitle C - Navy and Marine Corps (Sections 5001 - 7921)
Part IV - General Administration (Sections 7201 - 7921)
Chapter 637 - Salvage Facilities (Sections 7361 - 7364)
Sec. 7362 - Acquisition and transfer of vessels and equipment
Publication Title | United States Code, 2012 Edition, Supplement 2, Title 10 - ARMED FORCES |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 10 - ARMED FORCES Subtitle C - Navy and Marine Corps PART IV - GENERAL ADMINISTRATION CHAPTER 637 - SALVAGE FACILITIES Sec. 7362 - Acquisition and transfer of vessels and equipment |
Contains | section 7362 |
Date | 2014 |
Laws In Effect As Of Date | January 5, 2015 |
Positive Law | Yes |
Disposition | standard |
Source Credit | Added Pub. L. 104-106, div. A, title X, §1015, Feb. 10, 1996, 110 Stat. 424. |
Statutes at Large Reference | 110 Stat. 424 |
Public and Private Law | Public Law 104-106 |
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(a) Authority.—The Secretary of the Navy may acquire or transfer for operation by private salvage companies such vessels and equipment as the Secretary considers necessary.
(b) Agreement on Use.—Before any salvage vessel or salvage gear is transferred by the Secretary to a private party, the private party must agree in writing with the Secretary that the vessel or gear will be used to support organized offshore salvage facilities for a period of as many years as the Secretary considers appropriate.
(c) Reference to Authority To Advance Funds for Immediate Salvage Operations.—For authority for the Secretary of the Navy to advance to private salvage companies such funds as the Secretary considers necessary to provide for the immediate financing of salvage operations, see section 2307(g)(2) of this title.
(Added Pub. L. 104–106, div. A, title X, §1015, Feb. 10, 1996, 110 Stat. 424.)
PRIOR PROVISIONSA prior section 7362, act Aug. 10, 1956, ch. 1041, 70A Stat. 455, related to commercial use of naval facilities, prior to the general amendment of this chapter by Pub. L. 104–106.
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