U.S. Code » Title 46 » Subtitle Subtitle V— Merchant Marine › Part Part C— Financial Assistance Programs › Chapter CHAPTER 531— MARITIME SECURITY FLEET

46 U.S.C. § 3541

NATIONAL DEFENSE TANK VESSEL CONSTRUCTION PROGRAM.

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“The Secretary of Transportation shall establish a program for the provision of financial assistance for the construction in the United States of a fleet of up to 5 privately owned product tank vessels—“(1) to be operated in commercial service in foreign commerce; and“(2) to be available for national defense purposes in time of war or national emergency pursuant to an Emergency Preparedness Plan approved by the Secretary of Defense pursuant to section 3543(e).