2018 US Code
Title 10 - Armed Forces
Subtitle C - Navy and Marine Corps
Part IV - General Administration
Chapter 863 - Naval Vessels
Sec. 8675a - Vessels stricken from Naval Vessel Register: contracts for dismantling on net-cost basis
| 10 U.S.C. § 8675a (2018) |
| §8675a. Vessels stricken from Naval Vessel Register: contracts for dismantling on net-cost basis |
|
(a) Authority for Net-Cost Basis Contracts.—When the Secretary of the Navy awards a contract for the dismantling of a vessel stricken from the Naval Vessel Register, the Secretary may award the contract on a net-cost basis. (b) Retention by Contractor of Proceeds of Sale of Scrap and Reusable Items.—When the Secretary awards a contract on a net-cost basis under subsection (a), the Secretary shall provide in the contract that the contractor may retain the proceeds from the sale of scrap and reusable items removed from the vessel dismantled under the contract. (c) Definitions.—In this section: (1) The term "net-cost basis", with respect to a contract for the dismantling of a vessel, means that the amount to be paid to the contractor under the contract for dismantling and for removal and disposal of hazardous waste material is discounted by the offeror's estimate of the value of scrap and reusable items that the contractor will remove from the vessel during performance of the contract. (2) The term "scrap" means personal property that has no value except for its basic material content. (3) The term "reusable item" means a demilitarized component or a removable portion of a vessel or equipment that the Secretary of the Navy has identified as excess to the needs of the Navy but which has potential resale value on the open market. |
|
(Added Pub. L. 108–375, div. A, title X, §1011(a), Oct. 28, 2004, 118 Stat. 2038, §7305a; renumbered §8675a, Pub. L. 115–232, div. A, title VIII, §807(d)(2), Aug. 13, 2018, 132 Stat. 1836.) |
|
AMENDMENTS
2018—Pub. L. 115–232 renumbered section 7305a of this title as this section. EFFECTIVE DATE OF 2018 AMENDMENTAmendment by Pub. L. 115–232 effective Feb. 1, 2019, with provision for the coordination of amendments and special rule for certain redesignations, see section 800 of Pub. L. 115–232, set out as a note preceding section 3001 of this title. |
| United States Code, 2018 Edition, Title 10 - ARMED FORCES |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 10 - ARMED FORCES Subtitle C - Navy and Marine Corps PART IV - GENERAL ADMINISTRATION CHAPTER 863 - NAVAL VESSELS Sec. 8675a - Vessels stricken from Naval Vessel Register: contracts for dismantling on net-cost basis |
| section 8675a |
| 2018 |
| January 14, 2019 |
| Yes |
| standard |
| 118 Stat. 2038 132 Stat. 1836 |
| Public Law 108-375, Public Law 115-232 |
