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2016 US Code
Title 46 - Shipping
Subtitle V - Merchant Marine
Part C - Financial Assistance Programs
Chapter 535 - Capital Construction Funds
Sec. 53512 - FIFO and LIFO withdrawals
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46 U.S.C. § 53512 (2016) | ||||||
§53512. FIFO and LIFO withdrawals | ||||||
(a) FIFO.—Except as provided in subsection (b), an amount withdrawn from an account under this chapter shall be treated as withdrawn on a first-in-first-out basis. (b) LIFO.—An amount withdrawn from an account under this chapter shall be treated as withdrawn on a last-in-first-out basis if it is— (1) a nonqualified withdrawal for research, development, and design expenses incident to new and advanced vessel design, machinery, and equipment; or (2) an amount treated as a nonqualified withdrawal under section 53510(d) of this title. |
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(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1599.) |
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United States Code, 2012 Edition, Supplement 4, Title 46 - SHIPPING | ||||||
Bills and Statutes | ||||||
United States Code | ||||||
Y 1.2/5: | ||||||
Title 46 - SHIPPING Subtitle V - Merchant Marine Part C - Financial Assistance Programs CHAPTER 535 - CAPITAL CONSTRUCTION FUNDS Sec. 53512 - FIFO and LIFO withdrawals |
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section 53512 | ||||||
2016 | ||||||
January 6, 2017 | ||||||
Yes | ||||||
standard | ||||||
49 Stat. 2005 52 Stat. 960 53 Stat. 1185 66 Stat. 764 72 Stat. 216 74 Stat. 216 75 Stat. 91, 570 84 Stat. 1030 120 Stat. 1599 |
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Public Law 85-637, Public Law 86-518, Public Law 87-45, Public Law 87-271, Public Law 91-469, Public Law 109-304 |
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