U.S. Code » Title 46 » Subtitle Subtitle V— Merchant Marine › Part Part C— Financial Assistance Programs › Chapter CHAPTER 533— CONSTRUCTION RESERVE FUNDS

46 U.S.C. § 53303

Persons eligible to establish funds

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A construction reserve fund may be established by a citizen of the United States that—(1) is operating a vessel in the foreign or domestic commerce of the United States or in the fisheries;(2) owns, in whole or in part, a vessel being operated in the foreign or domestic commerce of the United States or in the fisheries;(3) was operating a vessel in the foreign or domestic commerce of the United States or in the fisheries when it was bought or requisitioned by the United States Government;(4) owned, in whole or in part, a vessel being operated in the foreign or domestic commerce of the United States or in the fisheries when it was bought or requisitioned by the Government; or(5) had acquired or was having constructed a vessel to operate in the foreign or domestic commerce of the United States or in the fisheries when it was bought or requisitioned by the Government.(Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1587.)

Historical and Revision Notes

Revised

Section

Source (U.S. Code)

Source (Statutes at Large)

53303

46 App.:1161(b) (1st sentence words between 6th and 10th commas).

June 29, 1936, ch. 858, title V, § 511(b) (1st sentence words between 6th and 10th commas), as added Oct. 10, 1940, ch. 849, 54 Stat. 1106; June 17, 1943, ch. 130, subdiv. (a), 57 Stat. 157; July 17, 1952, ch. 939, § 9, 66 Stat. 762.