2018 US Code
Title 46 - Shipping
Subtitle V - Merchant Marine
Part C - Financial Assistance Programs
Chapter 533 - Construction Reserve Funds
Sec. 53305 - Eligible fund deposits
| 46 U.S.C. § 53305 (2018) | ||||||
| §53305. Eligible fund deposits | ||||||
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A construction reserve fund may include deposits of— (1) the proceeds from the sale of a vessel; (2) indemnities for the loss of a vessel; (3) earnings from the operation of a documented vessel and from services incident to the operation; and (4) interest or other amounts accrued on deposits in the fund. |
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(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1588.) |
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In paragraph (3), the words "documented vessel" are substituted for "vessels documented under the laws of the United States" because of the definition of "documented vessel" in chapter 1 of the revised title. In paragraph (4), the words "interest or other amounts accrued on deposits in the fund" are substituted for "receipts, in the form of interest or otherwise, with respect to amounts previously deposited" for clarity and to eliminate unnecessary words. |
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| United States Code, 2018 Edition, 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 533 - CONSTRUCTION RESERVE FUNDS Sec. 53305 - Eligible fund deposits |
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| section 53305 | ||||||
| 2018 | ||||||
| January 14, 2019 | ||||||
| Yes | ||||||
| standard | ||||||
| 54 Stat. 1106 57 Stat. 157 66 Stat. 762 120 Stat. 1588 |
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| Public Law 109-304 |
