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10 U.S.C. § 8702 — Acquisition and transfer of vessels and equipment

submitted 30 years ago by Pub. L. 104-106 to r/title-10-ARMED-FORCES · 133 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section lets the Secretary of the Navy acquire or transfer salvage vessels and equipment and requires use agreements for transferred equipment.

(a) The Secretary of the Navy may acquire or transfer to private salvage companies vessels and equipment the Secretary considers necessary for operation.
(b) Before receiving a salvage vessel or gear, a private party must agree in writing that it will use the vessel or gear to support organized offshore salvage facilities for the number of years the Secretary considers appropriate.
(c) Authority to advance private salvage companies money for immediate salvage operations is in section 3808(b).

the actual law source: uscode.house.gov ↗public domain
(a)Authority.—

The Secretary of the Navy may acquire or transfer for operation by private salvage companies such vessels and equipment as the Secretary considers necessary.

(b)Agreement on Use.—

Before any salvage vessel or salvage gear is transferred by the Secretary to a private party, the private party must agree in writing with the Secretary that the vessel or gear will be used to support organized offshore salvage facilities for a period of as many years as the Secretary considers appropriate.

(c)Reference to Authority To Advance Funds for Immediate Salvage Operations.—

For authority for the Secretary of the Navy to advance to private salvage companies such funds as the Secretary considers necessary to provide for the immediate financing of salvage operations, see section 3808(b) of this title.

Source credit: (Added Pub. L. 104–106, div. A, title X, § 1015, Feb. 10, 1996, 110 Stat. 424, § 7362; renumbered § 8702, Pub. L. 115–232, div. A, title VIII, § 807(d)(3), Aug. 13, 2018, 132 Stat. 1836; amended Pub. L. 116–283, div. A, title XVIII, § 1834(i)(5), as added Pub. L. 117–81, div. A, title XVII, § 1701(n)(2), Dec. 27, 2021, 135 Stat. 2145; Pub. L. 116–283, div. A, title XVIII, § 1876(c), Jan. 1, 2021, 134 Stat. 4291; Pub. L. 117–81, div. A, title XVII, § 1701(n)(3), Dec. 27, 2021, 135 Stat. 2146.)

history & why it existsrecord from the source credit
  • 1996Enacted · Pub. L. 104-106 · 110 Stat. 424
  • 2018Amended · Pub. L. 115-232 · 132 Stat. 1836
  • 2021Amended · Pub. L. 116-283 · 135 Stat. 2145
  • 2021Amended · Pub. L. 116-283 · 134 Stat. 4291
  • 2021Amended · Pub. L. 117-81 · 135 Stat. 2146

A history note hasn’t been published yet. The record shows enactment by Pub. L. 104-106 on 1996-02-10.

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