The purpose of this part is to prescribe the requirements and procedures for determining the condition of vessels receiving operating-differential subsidy, to prescribe the requirements for reporting and substantiating maintenance and repair (M&R) expenses, and to establish the criteria and procedures for determining whether a M&R expense is subsidizable.
authority: 46 App. U.S.C. 1114(b), 1173, 1176;
49 CFR 1.66
source: 55 FR 34919, Aug. 27, 1990, unless otherwise noted.
cite as: 46 CFR 272.1