10 U.S.C. § 8675 — Vessels stricken from Naval Vessel Register: sale

(a) Appraisal — The Secretary of the Navy must appraise every vessel struck from the Register under section 8674.

(b) Authority To Sell — If the Secretary decides selling a vessel serves the national interest, the Secretary may sell it, following regulations the Secretary sets for this purpose.

(c) Procedures for Sale — (1) A struck vessel not covered by another disposal law may be sold under this section. (2) The Secretary may either: (A) sell to the highest acceptable bidder — regardless of the appraised value — after advertising the sale publicly for at least 30 days; or (B) subject to paragraph (3), sell through competitive negotiation to the offeror whose bid is most advantageous to the United States, weighing price and other factors the Secretary picks. (3) Before starting negotiations under (2)(B), the Secretary must publish notice of that intent in the Commerce Business Daily early enough that interested parties have a fair chance to prepare and submit proposals. The Secretary must let all acceptable offerors whose proposals seem most advantageous take part in the negotiations.

(d) Applicability — This section does not apply to a vessel whose disposal is instead authorized under subtitle I of title 40 and most of division C of subtitle I of title 41 (except for a specific list of sections), if it's being disposed of under those laws.