46 U.S.C. § 53517 — Reports
submitted 20 years ago by Pub. L. 109-304 to r/title-46-SHIPPING · 152 words · no verdicts yet
Each year, the Secretaries of Transportation and Commerce must report to the Secretary of the Treasury on the capital construction funds they oversee, within 120 days. The report must name and identify anyone who opened, held, closed, deposited into, withdrew from, or breached a fund that year.
(a) In General. Within 120 days after each calendar year ends, the Secretary* of Transportation and the Secretary of Commerce must each send the Secretary of the Treasury a written report on the capital construction funds under their own jurisdiction for that year.
(b) Contents. The report must give the name and taxpayer ID number of each person who, during the year: (1) set up a capital construction fund; (2) had a fund still open on the last day of the year; (3) closed a fund; (4) made a deposit into or withdrawal from a fund, and how much; or (5) was found to have failed to fulfill a major duty under a fund agreement.
Within 120 days after the close of each calendar year, the Secretary* of Transportation and the Secretary of Commerce each shall provide the Secretary of the Treasury a written report on the capital construction funds under the particular Secretary’s jurisdiction for the calendar year.
The report shall state* the name and taxpayer identification number of each person—
establishing a capital construction fund during the calendar year;
maintaining a capital construction fund on the last day of the calendar year;
terminating a capital construction fund during the calendar year;
making a deposit to or withdrawal from a capital construction fund during the calendar year, and the amount of the deposit or withdrawal; or
having been determined during the calendar year to have failed to fulfill a substantial obligation under a capital construction fund agreement to which the person is a party.
Source credit: (Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1600.)
- 2006Enacted · Pub. L. 109-304 · 120 Stat. 1600
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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