46 U.S.C. § 57516 — Operating-differential subsidies

submitted 20 years ago by Pub. L. 109-304 to r/title-46-SHIPPING · 59 words · no verdicts yet

in plain englishAI-generated · not legal advice

If the Secretary of Transportation thinks it necessary, the Secretary can pay a subsidy to a vessel charterer. The terms match those used for subsidies paid to owners of privately owned vessels.

If the Secretary of Transportation decides it is necessary, the Secretary may make a contract with someone who charters a Secretary-owned vessel to pay that charterer an operating-differential subsidy. This subsidy must follow the same terms, conditions, limitations, and restrictions that otherwise apply to operating-differential subsidies paid to operators of privately owned vessels.

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

If the Secretary of Transportation considers it necessary, the Secretary may make a contract with a charterer of a vessel owned by the Secretary for payment of an operating-differential subsidy, on the same terms and conditions, and subject to the same limitations and restrictions, as otherwise provided with respect to payment of operating-differential subsidies to operators of privately-owned vessels.

Source credit: (Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1667.)

history & why it existsrecord from the source credit

2006Enacted · Pub. L. 109-304 · 120 Stat. 1667

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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