Title 46, ShippingRelease 119-110
§53502 Regulations
Title 46 › Subtitle V — Merchant Marine › Part C — Financial Assistance Programs › CHAPTER 535 — CAPITAL CONSTRUCTION FUNDS › § 53502
Summary
The Secretary must make rules to put this chapter into effect, except for tax matters. For taxes, the Secretary and the Secretary of the Treasury must work together to make rules that decide who owes taxes under this chapter.
Full Legal Text
Title 46, §53502
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(a)In General.—
Except as provided in subsection (b), the Secretary shall prescribe regulations to carry out this chapter.
(b)Tax Liability.—
The Secretary and the Secretary of the Treasury shall prescribe joint regulations for the determination of tax liability under this chapter.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 5350246 App.:1177(l) (2d sentence).June 29, 1936, ch. 858, title VI, § 607(l) (2d 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. Subsection (a) is added for clarity because various provisions of the source language for this chapter imply that the Secretary is to prescribe
Regulations
individually (except for
Regulations
affecting a determination of tax liability). See, e.g., 46 App. U.S.C. 1177(a) (last sentence), (f)(1) (last sentence), and (l) (last sentence). In subsection (b), the words “not inconsistent with the foregoing provisions of this section, as may be necessary or appropriate” are omitted as surplus.
Reference
Citations & Metadata
Citation
46 U.S.C. § 53502
Title 46, Shipping
Last Updated
Sep 22, 2026
Release point: 119-110