Title 46 — ShippingRelease 119-73
§56306 Use and transfer of vessels
Title 46 › Subtitle Subtitle V— - Merchant Marine › Part Part E— - Control of Merchant Marine Capabilities › Chapter CHAPTER 563— - EMERGENCY ACQUISITION OF VESSELS › § 56306
Summary
The Secretary of Transportation may fix, operate, or rent a vessel the government acquired and, if the President agrees, transfer it to another agency that must promptly repay purchase, rent, or repair costs.
Full Legal Text
Title 46, §56306
Shipping — Source: USLM XML via OLRC
(a)The Secretary of Transportation may repair, recondition, reconstruct, operate, or charter for operation, a vessel acquired under this chapter.
(b)The Secretary may transfer the possession or control of a vessel acquired under this chapter to another department or agency of the United States Government on terms and conditions approved by the President. The department or agency shall promptly reimburse the Secretary for expenditures for just compensation, purchase price, charter hire, repairs, reconditioning, or reconstruction.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 5630646 App.:1242(e).June 29, 1936, ch. 858, title IX, § 902(e); as added Aug. 7, 1939, ch. 555, § 3, 53 Stat. 1256; Pub. L. 97–31, § 12(131), Aug. 6, 1981, 95 Stat. 165. In this section, the word “vessel” is substituted for “property” for consistency in the chapter. In subsection (b), the words “Such reimbursements shall be deposited in the
Construction
fund established by section 1116 of this Appendix” are omitted as impliedly repealed by 46 App. U.S.C. 1119 as amended in 1967.
Reference
Citations & Metadata
Citation
46 U.S.C. § 56306
Title 46 — Shipping
Last Updated
Apr 6, 2026
Release point: 119-73