46 U.S.C. § 56306 — Use and transfer of vessels

submitted 20 years ago by Pub. L. 109-304 to r/title-46-SHIPPING · 84 words · no verdicts yet

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This law lets the Secretary of Transportation repair, rebuild, operate, or charter out any vessel acquired under this chapter. It also lets the Secretary transfer such a vessel to another federal agency, as long as that agency reimburses the Secretary's costs for compensation, purchase, charter hire, and repairs.

(a) In General. The Secretary of Transportation may repair, recondition, rebuild, operate, or charter out for operation any vessel acquired under this chapter. (b) Transfer to Other Agencies. The Secretary may transfer control of such a vessel to another federal department or agency, under terms the President approves. That department or agency must promptly pay the Secretary back for the costs of just compensation, purchase price, charter hire, repairs, reconditioning, or rebuilding.

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

(a)In General.—

The Secretary of Transportation may repair, recondition, reconstruct, operate, or charter for operation, a vessel acquired under this chapter.

(b)Transfer to Other Agencies.—

The Secretary may transfer the possession or control of a vessel acquired under this chapter to another department or agency of the United States Government on terms and conditions approved by the President. The department or agency shall promptly reimburse the Secretary for expenditures for just compensation, purchase price, charter hire, repairs, reconditioning, or reconstruction.

Source credit: (Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1656.)

history & why it existsrecord from the source credit

2006Enacted · Pub. L. 109-304 · 120 Stat. 1656

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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