46 USC 53305 - Eligible fund deposits

U.S Code last checked for updates: May 03, 2024

§ 53305.

Eligible fund deposits

A construction reserve fund may include deposits of—

(1)

the proceeds from the sale of a vessel;

(2)

indemnities for the loss of a vessel;

(3)

earnings from the operation of a documented vessel and from services incident to the operation; and

(4)

interest or other amounts accrued on deposits in the fund.

(Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1588.)

cite as: 46 USC 53305