Title 10, Armed ForcesRelease 119-102
§8704 Disposition of Receipts
Title 10 › Subtitle C — Navy and Marine Corps › PART IV — GENERAL ADMINISTRATION › CHAPTER 865 — SALVAGE FACILITIES › § 8704
Summary
Money collected because of this chapter must go into the Navy’s funds used to maintain naval salvage facilities. If, in any fiscal year, those collections are more than the Navy’s salvage costs for that year, the extra must be deposited into the Treasury’s general fund.
Full Legal Text
Title 10, §8704
Armed Forces, Source: USLM XML via OLRC
Amounts received under this chapter shall be credited to appropriations for maintaining naval salvage facilities. However, any amount received under this chapter in any fiscal year in excess of naval salvage costs incurred by the Navy during that fiscal year shall be deposited into the general fund of the Treasury.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2018—Pub. L. 115–232 renumbered section 7364 of this title as this section.
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.
Reference
Citations & Metadata
Citation
10 U.S.C. § 8704
Title 10, Armed Forces
Last Updated
Aug 21, 2026
Release point: 119-102