2016 US Code
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
| 46 U.S.C. § 58102 (2016) | ||||||
| §58102. Default on payment or maintenance of reserves | ||||||
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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. |
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(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1671.) |
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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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| 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 G - Restrictions and Penalties CHAPTER 581 - RESTRICTIONS AND PENALTIES Sec. 58102 - Default on payment or maintenance of reserves |
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| section 58102 | ||||||
| 2016 | ||||||
| January 6, 2017 | ||||||
| Yes | ||||||
| standard | ||||||
| 49 Stat. 2012 95 Stat. 164 110 Stat. 3131 120 Stat. 1671 |
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| Public Law 97-31, Public Law 104-239, Public Law 109-304 |
