§ 56308. Transfer of substitute vessels

Statutory text

In the case of any vessel constructed in the United States after January 1, 1937, which has been taken by the United States for use in any manner, the Secretary of Transportation, if in his opinion the transfer would aid in carrying out the policies of this Act,1 is authorized to transfer to the owner of such vessel another vessel which is deemed by the Secretary to be of comparable type with adjustments for depreciation and difference in design or speed, and to the extent applicable, such other adjustments and terms and conditions, including transfer of mortgage obligations in favor of the United States binding upon the old vessel, as the Secretary may prescribe.

Footnotes

1 See References in Text note below.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

2017
National Defense Authorization Act for Fiscal Year 2018
Pub. L. 115–91 div. C title XXXV § 3502(a)(2) · 131 Stat. 1283
Enacted · 46 U.S.C. § 56308
(Added and amended Pub. L. 115–91, div. C, title XXXV, § 3502(a)(2), (b)(5), Dec. 12, 2017, 131 Stat. 1910.)
Source evidence
Code source credit
(Added and amended Pub. L. 115–91, div. C, title XXXV, § 3502(a)(2), (b)(5), Dec. 12, 2017, 131 Stat. 1910.)
Enacted provision · exact public law section
(2) in section 8, 50 USC 4404. redesignating subsection (d) as section 56308 of title 46, United States Code, and transferring it to appear after section 56307 of such title; and
2017
National Defense Authorization Act for Fiscal Year 2018
Pub. L. 115–91 § 3502(b)(5)(C) · 131 Stat. 1283
Struck · 46 U.S.C. § 56308
Pub. L. 115–91, § 3502(b)(5)(C), which directed striking out “adjustments with respect to the retained vessels as provided for in section 9, and”, was executed by striking out “adjustments with respect to the retained vessel as provided for in section 9, and” after “extent applicable,” to reflect the probable intent of Congress
Source evidence
Code amendment note
Pub. L. 115–91, § 3502(b)(5)(C), which directed striking out “adjustments with respect to the retained vessels as provided for in section 9, and”, was executed by striking out “adjustments with respect to the retained vessel as provided for in section 9, and” after “extent applicable,” to reflect the probable intent of Congress.
Enacted provision · exact public law section
(C) by striking “adjustments with respect to the retained vessels as provided for in section 9, and”.
2017
National Defense Authorization Act for Fiscal Year 2018
Pub. L. 115–91 § 3502(b)(5)(B) · 131 Stat. 1283
Changed · 46 U.S.C. § 56308
Pub. L. 115–91, § 3502(b)(5)(B), which directed insertion of “of Transportation” after “Secretary”, was executed by making the insertion after “Secretary” the first time appearing to reflect the probable intent of Congress
Target inherited from the preceding amendment note.
Source evidence
Code amendment note
Pub. L. 115–91, § 3502(b)(5)(B), which directed insertion of “of Transportation” after “Secretary”, was executed by making the insertion after “Secretary” the first time appearing to reflect the probable intent of Congress.
Enacted provision · exact public law section
(B) by inserting “of Transportation” after “Secretary”; and
2017
National Defense Authorization Act for Fiscal Year 2018
Pub. L. 115–91 § 3502(b)(5)(A) · 131 Stat. 1283
Inserted · 46 U.S.C. § 56308
Pub. L. 115–91, § 3502(b)(5)(A), inserted section enumerator and catchline
Target inherited from the preceding amendment note.
Source evidence
Code amendment note
Pub. L. 115–91, § 3502(b)(5)(A), inserted section enumerator and catchline.
Enacted provision · exact public law section
(A) by striking so much as precedes “vessel constructed” and inserting the following: “§ 56308. Transfer of substitute vessels “In the case of any” ;
2017
National Defense Authorization Act for Fiscal Year 2018
Pub. L. 115–91 § 3502(a)(2) · 131 Stat. 1283
Changed · 46 U.S.C. § 56308
Pub. L. 115–91, § 3502(a)(2), transferred section 8(d) of act Mar. 8, 1946, to this chapter and renumbered it as this section. See Codification note above
Target inherited from the preceding amendment note.
Source evidence
Code amendment note
Pub. L. 115–91, § 3502(a)(2), transferred section 8(d) of act Mar. 8, 1946, to this chapter and renumbered it as this section. See Codification note above.
Enacted provision · exact public law section
(2) in section 8, 50 USC 4404. redesignating subsection (d) as section 56308 of title 46, United States Code, and transferring it to appear after section 56307 of such title; and

5 of 5 references resolved to an enrolled provision

Editorial Notes

References in Text

This Act, referred to in text, means act Mar. 8, 1946, ch. 82, 60 Stat. 41, known as the Merchant Ship Sales Act of 1946, which was classified principally to chapter 54 (§ 4401 et seq.) of Title 50, War and National Defense. The Act has been repealed, except for sections 8(d) and 11, which were transferred to this section and section 57100 of this title, respectively, by Pub. L. 115–91. Provisions relating to the policies of the Act were contained in section 4401 of Title 50 prior to repeal by Pub. L. 115–91.

Codification

Section, as added and amended by Pub. L. 115–91, is based on act Mar. 8, 1946, ch. 82, § 8(d), 60 Stat. 46, as amended by Pub. L. 97–31, § 12(154), Aug. 6, 1981, 95 Stat. 167, which was formerly classified to section 4404(d) of Title 50, War and National Defense, before being transferred to this chapter and renumbered as this section.

Amendments

2017—Pub. L. 115–91, § 3502(b)(5)(C), which directed striking out “adjustments with respect to the retained vessels as provided for in section 9, and”, was executed by striking out “adjustments with respect to the retained vessel as provided for in section 9, and” after “extent applicable,” to reflect the probable intent of Congress.

Pub. L. 115–91, § 3502(b)(5)(B), which directed insertion of “of Transportation” after “Secretary”, was executed by making the insertion after “Secretary” the first time appearing to reflect the probable intent of Congress.

Pub. L. 115–91, § 3502(b)(5)(A), inserted section enumerator and catchline.

Pub. L. 115–91, § 3502(a)(2), transferred section 8(d) of act Mar. 8, 1946, to this chapter and renumbered it as this section. See Codification note above.

Credits

(Added and amended Pub. L. 115–91, div. C, title XXXV, § 3502(a)(2), (b)(5), Dec. 12, 2017, 131 Stat. 1910.)