Title 46 — ShippingRelease 119-73
§53516 Termination of agreement after change in regulations
Title 46 › Subtitle Subtitle V— - Merchant Marine › Part Part C— - Financial Assistance Programs › Chapter CHAPTER 535— - CAPITAL CONSTRUCTION FUNDS › § 53516
Summary
If joint rules or rules the Secretary makes change and greatly affect a person who runs a fund, that person can end the agreement.
Full Legal Text
Title 46, §53516
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If, after an agreement has been made under this chapter, a change is made either in the joint regulations or in the regulations prescribed by the Secretary under this chapter that could have a substantial effect on the rights or duties of a person maintaining a fund under this chapter, that person may terminate the agreement.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 5351646 App.:1177(l) (last sentence).June 29, 1936, ch. 858, title VI, § 607(l) (last sentence), 49 Stat. 2005; June 23, 1938, ch. 600, §§ 23–28, 52 Stat. 960; Aug. 4, 1939, ch. 417, § 10, 53 Stat. 1185; July 17, 1952, ch. 939, §§ 17–19, 66 Stat. 764; Pub. L. 85–637, Aug. 14, 1958, 72 Stat. 216; Pub. L. 86–518, § 1, June 12, 1960, 74 Stat. 216; Pub. L. 87–45, § 6, May 27, 1961, 75 Stat. 91; Pub. L. 87–271, Sept. 21, 1961, 75 Stat. 570; restated Pub. L. 91–469, § 21(a), Oct. 21, 1970, 84 Stat. 1032; Pub. L. 97–31, § 12(97)(A), Aug. 6, 1981, 95 Stat. 162.
Reference
Citations & Metadata
Citation
46 U.S.C. § 53516
Title 46 — Shipping
Last Updated
Apr 6, 2026
Release point: 119-73