Source: http://topics.law.cornell.edu/uscode/text/46/53104?quicktabs_8=3
Timestamp: 2013-12-11 02:07:03
Document Index: 569918363

Matched Legal Cases: ['§ 53104', '§ 53104', '§ 53104', '§ 3531', '§ 13', '§ 3502', '§ 531042012112']

46 USC § 53104 - Effectiveness of operating agreements | Title 46 - Shipping | U.S. Code | LII / Legal Information Institute
USC › Title 46 › Subtitle V › Part C › Chapter 531 › § 53104	prevnext
46 USC § 53104 - Effectiveness of operating agreements
Early termination by contractor, with available replacement.— An operating agreement under this chapter shall terminate upon the expiration of the 3-year period beginning on the date a vessel begins operating under the agreement, if—
the contractor notifies the Secretary, by not later than 2 years after the date the vessel begins operating under the agreement, that the contractor intends to terminate the agreement under this paragraph; and
the Secretary, in conjunction with the Secretary of Defense, determines that—
an application for an operating agreement under this chapter has been received for a replacement vessel that is acceptable to the Secretaries; and
during the period of an operating agreement under this chapter that applies to the replacement vessel, the replacement vessel will be—
owned and operated by one or more persons that are citizens of the United States under section 50501 of this title; or
owned by a person that is eligible to document the vessel under chapter 121 of this title, and operated by a person that is a citizen of the United States under section 50501 of this title.
Release of Vessels From Obligations.— If an operating agreement under this chapter is terminated under subsection (c)(3), or if funds are not appropriated for payments under an operating agreement under this chapter for any fiscal year by the 60th day of that fiscal year, then—
(Added Pub. L. 108–136, div. C, title XXXV, § 3531(a),Nov. 24, 2003, 117 Stat. 1810; amended Pub. L. 109–304, § 13(a)(3),Oct. 6, 2006, 120 Stat. 1701; Pub. L. 111–383, div. C, title XXXV, § 3502(1),Jan. 7, 2011, 124 Stat. 4518.)
46 USCDescription of ChangeSession YearPublic LawStatutes at Large § 531042012112-239 [Sec.] 3508(d)126 Stat. 2224 This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.19 CFR - Title 19—Customs Duties19 CFR 4 - VESSELS IN FOREIGN AND DOMESTIC TRADES