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2016 US Code
Title 46 - Shipping
Subtitle V - Merchant Marine
Part F - Government-Owned Merchant Vessels
Chapter 573 - Vessel Trade-in Program
Sec. 57303 - Utility value and tonnage requirements
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| 46 U.S.C. § 57303 (2016) | ||||||
| §57303. Utility value and tonnage requirements | ||||||
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(a) Utility Value.—The utility value of a new vessel to be acquired under this chapter for operation in the domestic or foreign commerce of the United States may not be substantially less than that of the obsolete vessel acquired in exchange under this chapter. (b) Tonnage.—If the Secretary of Transportation finds that the new vessel will have a utility value at least equal to that of the obsolete vessel, the new vessel may be of lesser gross tonnage than the obsolete vessel. However, the gross tonnage of the new vessel must be at least one-third the gross tonnage of the obsolete vessel. |
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(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1662.) |
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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 F - Government-Owned Merchant Vessels CHAPTER 573 - VESSEL TRADE-IN PROGRAM Sec. 57303 - Utility value and tonnage requirements |
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| section 57303 | ||||||
| 2016 | ||||||
| January 6, 2017 | ||||||
| Yes | ||||||
| standard | ||||||
| 53 Stat. 1184 95 Stat. 161 120 Stat. 1662 |
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| Public Law 97-31, Public Law 109-304 |
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