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46 U.S.C. § 53503 — Establishing a capital construction fund
Federal law — U.S. Code and appendices · legal_authorities
**(a) In General.—** A citizen of the United States owning or leasing an eligible vessel may make an agreement with the Secretary under this chapter to establish a capital construction fund for the vessel.
**(b) Allowable Purpose.—** The purpose of the agreement shall be to provide replacement vessels, additional vessels, or reconstructed vessels, built in the United States and documented under the laws of the United States, for operation in the foreign or domestic trade of the United States or in the fisheries of the United States.
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Source location: Title 46, Chapter 535, § 53503; chapter-535-capital-construction-funds.md
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**(a) In General.—** A citizen of the United States owning or leasing an eligible vessel may make an agreement with the Secretary under this chapter to establish a capital construction fund for the vessel.
**(b) Allowable Purpose.—** The purpose of the agreement shall be to provide replacement vessels, additional vessels, or reconstructed vessels, built in the United States and documented under the laws of the United States, for operation in the foreign or domestic trade of the United States or in the fisheries of the United States.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** To the maximum extent practicable, the Architect of the Capitol shall include energy efficiency and conservation measures, greenhouse gas emission reduction measures, and other appropriate environmental measures in the Capitol Complex Master Plan.
**(b) Report** Not later than 6 months after December 19, 2007, the Architect of the Capitol shall submit to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Rules and Administration of the Senate, a report on the energy efficiency and conservation measures, greenhouse gas emission reduction measures, and other appropriate environmental measures included in the Capitol Complex Master Plan pursuant to subsection (a).
Source: Supplied U.S. Code snapshot — release unconfirmed · 2 U.S.C. § 1824
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Federal law — U.S. Code and appendices · legal_authorities
In this chapter:
(1) **Agreement vessel.—** — The term “agreement vessel” means—
(A) an eligible vessel or a qualified vessel that is subject to an agreement under this chapter; and
(B) a barge or container that is part of the complement of a vessel described in subparagraph (A) if provided for in the agreement.
(2) **Eligible vessel.—** — The term “eligible vessel” means—
(A) a vessel—
(i) constructed in the United States (and, if reconstructed, reconstructed in the United States), constructed outside the United States but documented under the laws of the United States on April 15, 1970, or constructed outside the United States for use in the United States foreign trade pursuant to a contract made before April 15, 1970;
(ii) documented under the laws of the United States; and
(iii) operated in the foreign or domestic trade of the United States or in the fisheries of the United States; and
(B) a commercial fishing vessel—
(i) constructed in the United States and, if reconstructed, reconstructed in the United States;
(ii) of at least 2 net tons but less than 5 net tons;
(iii) owned by a citizen of the United States;
(iv) having its home port in the United States; and
(v) operated in the commercial fisheries of the United States.
(3) **Joint regulations.—** — The term “joint regulations” means regulations prescribed jointly by the Secretary and the Secretary of the Treasury under [section 53502(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title46-section53502/b&num=0&edition=prelim).
(4) **Noncontiguous trade.—** — The term “noncontiguous trade” means—
(A) trade between—
(i) one of the contiguous 48 States; and
(ii) Alaska, Hawaii, Puerto Rico, or an insular territory or
Source: Supplied U.S. Code snapshot — release unconfirmed · 46 U.S.C. § 53501
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Federal law — U.S. Code and appendices · legal_authorities
Page 427
TITLE 46—SHIPPING
§ 53504
Editorial Notes
REFERENCES IN TEXT
Section 506 of the Merchant Marine Act, 1936, referred
to in par. (8), is section 506 of act June 29, 1936, ch. 858,
49 Stat. 1985, which is set out as a note under section
53101 of this title.
AMENDMENTS
2022—Par. (5)(A)(iii). Pub. L. 117–263 substituted ‘‘for-
eign or domestic trade of the United States’’ for
‘‘United States foreign, Great Lakes, noncontiguous
domestic, or short sea transportation trade’’.
2018—Par. (5)(A)(iii). Pub. L. 115–232, § 3546(q)(1), sub-
stituted ‘‘transportation trade or’’ for ‘‘transportation
trade trade or’’.
Par. (7). Pub. L. 115–232, § 3546(q)(3), struck out par.
(7), as added by Pub. L. 109–304, § 8(c), which read as fol-
lows: ‘‘The term ‘United States foreign trade’ includes
those areas in domestic trade in which a vessel built
with a construction-differential subsidy is allowed to
operate under the first sentence of section 506 of the
Merchant Marine Act, 1936.’’
Pars. (8), (9). Pub. L. 115–232, § 3546(q)(2), (4), added
par. (8) and redesignated former par. (8) as (9).
2007—Par. (5)(A)(iii). Pub. L. 110–140, § 1122(a)(1), sub-
stituted ‘‘noncontiguous domestic, or short sea trans-
portation trade’’ for ‘‘or noncontiguous domestic’’.
Par. (7). Pub. L. 110–140, § 1122(a)(2), added par. (7) re-
lating to short sea transportation trade.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 2007 AMENDMENT
Amendment by Pub. L. 110–140 effective on the date
that is 1 day after Dec. 19, 2007, see section 1601 of Pub.
L. 110–140, set out as an Effective Date note under sec-
tion 1824 of Title 2, The Congress.
§ 53502. Regulations
(a) IN GENERAL.—Except as provided in sub-
section (b), the Secretary shall prescribe regula-
tions to carry out t
Source: Supplied 2024 U.S. Code historical extraction · 46 U.S.C. § 53503
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