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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

The Navy Secretary may buy or hand over salvage vessels and equipment to private salvage companies. Before any transfer, the company must promise in writing to use the gear to support organized offshore salvage operations for a set number of years. The law also points to a separate provision on advancing money for urgent salvage work.

(a) Authority: The Secretary of the Navy may acquire vessels and equipment, or transfer them for private salvage companies to operate, whenever the Secretary considers it necessary. (b) Agreement on use: Before the Secretary transfers any salvage vessel or salvage gear to a private party, that party must agree in writing to use it to support organized offshore salvage facilities, for as many years as the Secretary thinks appropriate. (c) Reference to authority to advance funds for immediate salvage operations: For the Navy Secretary's separate power to advance private salvage companies whatever funds are needed to immediately finance salvage operations, see section 3808(b) of this title.
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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