§57110 Salvage Recoveries for Subrogated Ownership of Vessels and Cargoes

Summary

Allows the Secretary of Transportation to make salvage contracts to recover, sell, or dispose of sunken or damaged ships, cargo, or other property owned or insured by or for the Maritime Administration, the United States Shipping Board, the U.S. Shipping Bureau, the United States Maritime Commission, or the War Shipping Administration. The Secretary must consult the Secretary of the relevant military department before doing anything that will disturb sunken military craft, as defined in section 1408(3) of the Ronald W. Reagan National Defense Authorization Act for Fiscal Year 2005 (Public Law 108–375; 10 U.S.C. 113 note). Net money left after salvage costs stays available until spent. Fifty percent goes to the Maritime Administration’s Administrator to pay or reimburse state maritime academies and the United States Merchant Marine Academy for facility and training-ship upkeep, repairs, modernization, and for buying simulators and fuel. The rest goes to the Department of the Interior for maritime heritage grants under section 308703 of title 54.