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Title 10 — Armed ForcesRelease 119-73not60

§8682 Service Craft Stricken From Naval Vessel Register; Obsolete Boats: Use of Proceeds From Exchange or Sale

Title 10 › Subtitle Subtitle C— Navy and Marine Corps › Part IV— GENERAL ADMINISTRATION › Chapter 863— NAVAL VESSELS › § 8682

Last updated Apr 3, 2026|Official source

Summary

The Secretary of the Navy may keep the money from selling or trading an obsolete service craft or boat. That money can be used to pay for a replacement vessel under section 503 of title 40, to repay Navy accounts for the costs of getting the old craft or boat ready for sale or trade, or to put into a special account for handling future sales and trades. Money put into the special account is available without yearly spending limits. Any amounts the Secretary decides are not needed must be moved at least annually to the General Fund of the Treasury. The account can pay the full costs of preparing craft or boats for future sale or exchange. “Full costs of preparation” means all direct and indirect costs, such as towing, storage, defueling, hazardous-waste removal, PCB surveys and removal, and other related work. An obsolete service craft is one removed from the Naval Vessel Register. Section 6101 of title 41 does not apply. The Secretary must create rules to carry this out.

Full Legal Text

Title 10, §8682

Armed Forces — Source: USLM XML via OLRC

(a)When the Secretary of the Navy sells an obsolete service craft or an obsolete boat, or exchanges such a craft or boat in a transaction for which a similar craft or boat is acquired, the Secretary may retain the proceeds of the sale or the exchange allowance from the exchange, as the case may be, and apply the proceeds of sale or the exchange allowance for any of the following purposes:
(1)For payment, in whole or in part, for a similar service craft or boat acquired as a replacement, as authorized by section 503 of title 40.
(2)For reimbursement, to the extent practicable, of the appropriate accounts of the Navy for the full costs of preparation of such obsolete craft or boat for such sale or exchange.
(3)For deposit to the special account established under subsection (b), to be available in accordance with that subsection.
(b)Amounts retained under subsection (a) that are not applied as provided in paragraph (1) or (2) of that subsection shall be deposited into a special account. Amounts in the account shall be available under subsection (c) without regard to fiscal year limitation. Amounts in the account that the Secretary of the Navy determines are not needed for the purpose stated in subsection (c) shall be transferred at least annually to the General Fund of the Treasury.
(c)The Secretary may use amounts in the account under subsection (b) for payment, in whole or in part, for the full costs of preparation of obsolete service craft and obsolete boats for future sale or exchange.
(d)In this section, the term “full costs of preparation” means the full costs (direct and indirect) incurred by the Navy in preparing an obsolete service craft or an obsolete boat for exchange or sale, including the cost of the following:
(1)Towing.
(2)Storage.
(3)Defueling.
(4)Removal and disposal of hazardous wastes.
(5)Environmental surveys to determine the presence of regulated materials containing polychlorinated biphenyl (PCB) and, if such materials are found, the removal and disposal of such materials.
(6)Other costs related to such preparation.
(e)For purposes of this section, an obsolete service craft is a service craft that has been stricken from the Naval Vessel Register.
(f)Section 6101 of title 41 does not apply to sales of service craft and boats described in subsection (a).
(g)The Secretary of the Navy shall prescribe regulations for the purposes of this section.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 8682, act Aug. 10, 1956, ch. 1041, 70A Stat. 535, provided that in computing length of service, no commissioned officer of Air Force could be credited with service as a cadet at the Military Academy or the Air Force Academy, or as a midshipman at the Naval Academy, if he was appointed as a cadet or midshipman after Aug. 24, 1912, prior to repeal by Pub. L. 90–235, § 6(a)(2), Jan. 2, 1968, 81 Stat. 761. See section 971 of this title.

Amendments

2018—Pub. L. 115–232 renumbered section 7312 of this title as this section. 2014—Subsec. (f). Pub. L. 113–291 substituted “Section 6101 of title 41” for “section 3709 of the Revised Statutes (41 U.S.C. 5)”.

Statutory Notes and Related Subsidiaries

Effective Date

of 2018 AmendmentAmendment by Pub. L. 115–232 effective Feb. 1, 2019, with provision for the coordination of

Amendments

and special rule for certain redesignations, see section 800 of Pub. L. 115–232, set out as a note preceding section 3001 of this title.

Effective Date

Pub. L. 108–375, div. A, title X, § 1012(b), Oct. 28, 2004, 118 Stat. 2040, provided that: “Section 7312 of title 10, United States Code, as added by subsection (a), shall apply with respect to amounts received on or after the date of the enactment of this Act [Oct. 28, 2004] and to amounts received before the date of the enactment of this Act and not obligated as of that date.”

Reference

Citations & Metadata

Citation

10 U.S.C. § 8682

Title 10 — Armed Forces

Last Updated

Apr 3, 2026

Release point: 119-73not60