46 USC 57304: Eligible acquisition dates
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46 USC 57304: Eligible acquisition dates Text contains those laws in effect on November 21, 2024
From Title 46-SHIPPINGSubtitle V-Merchant MarinePart F-Government-Owned Merchant VesselsCHAPTER 573-VESSEL TRADE-IN PROGRAM
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§57304. Eligible acquisition dates

At the option of the owner, the acquisition of an obsolete vessel under this chapter shall occur-

(1) when the owner contracts for the construction or purchase of a new vessel; or

(2) within 5 days of the actual date of delivery of the new vessel to the owner.

( Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1662 .)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
57304 46 App.:1160(b) (2d sentence). June 29, 1936, ch. 858, title V, §510(b) (2d sentence), as added Aug. 4, 1939, ch. 417, §7, 53 Stat. 1184 ; Pub. L. 87–401, subdiv. (1), Oct. 5, 1961, 75 Stat. 833 ; Pub. L. 91–469, §35(a), Oct. 21, 1970, 84 Stat. 1035 ; Pub. L. 97–31, §12(91), Aug. 6, 1981, 95 Stat. 161 .

The words "At the option of the owner" are substituted for "if the owner so requests" for clarity.