46 U.S.C. § 30917 — Disposition of amounts recovered by the United States

submitted 20 years ago by Pub. L. 109-304 to r/title-46-SHIPPING · 86 words · no verdicts yet

in plain englishAI-generated · not legal advice

Money the United States wins in a lawsuit over a vessel or cargo it controlled goes to the Treasury, credited to the department or corporation that ran it. That money reimburses whichever fund paid for the original loss.

When the United States sues over a claim tied to owning, possessing, or operating a merchant vessel — or owning, possessing, or shipping cargo — and wins money, that money goes into the Treasury. It's credited to whichever federal department or federally-owned corporation controlled the vessel or cargo. The purpose is to pay back whatever appropriation, insurance fund, or other fund originally covered — or will cover — the loss the judgment compensates for.

the actual law source: uscode.house.gov ↗public domain

Amounts recovered in a civil action brought by the United States on a claim arising from the ownership, possession, or operation of a merchant vessel, or the ownership, possession, or carriage of cargo, shall be deposited in the Treasury to the credit of the department of the United States Government, or the federally-owned corporation, having control of the vessel or cargo, for reimbursement of the appropriation, insurance fund, or other fund from which the compensation for which the judgment was recovered was or will be paid.

Source credit: (Pub. L. 109–304, § 6(c), Oct. 6, 2006, 120 Stat. 1520.)

history & why it existsrecord from the source credit

2006Enacted · Pub. L. 109-304 · 120 Stat. 1520

A history note hasn’t been published yet. The record shows enactment by Pub. L. 109-304 on 2006-10-06.

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