§53517 — Title 46 Shipping | U.S. Code

Summary

The Secretary of Transportation and the Secretary of Commerce must each give the Secretary of the Treasury a written report within 120 days after the end of each calendar year about the capital construction funds they oversee that year. Each report must list the name and taxpayer identification number of every person who during the year started a fund, had a fund on the last day of the year, ended a fund, made a deposit or withdrawal (and the amount), or was found to have failed to meet a major obligation under a fund agreement.

Title 46, §53517

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(a)Within 120 days after the close of each calendar year, the Secretary of Transportation and the Secretary of Commerce each shall provide the Secretary of the Treasury a written report on the capital construction funds under the particular Secretary’s jurisdiction for the calendar year.

(b)The report shall state the name and taxpayer identification number of each person—

(1)establishing a capital construction fund during the calendar year;

(2)maintaining a capital construction fund on the last day of the calendar year;

(3)terminating a capital construction fund during the calendar year;

(4)making a deposit to or withdrawal from a capital construction fund during the calendar year, and the amount of the deposit or withdrawal; or

(5)having been determined during the calendar year to have failed to fulfill a substantial obligation under a capital construction fund agreement to which the person is a party.

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 5351746 App.:1177(m).June 29, 1936, ch. 858, title VI, § 607(m), as added Pub. L. 99–514, § 261(d), Oct. 22, 1986, 100 Stat. 2214.

§53517 Reports

Summary

Title 46, §53517

Notes & Related Subsidiaries

Historical and Revision Notes

Citations & Metadata