Us Code § 55332 - Designating American Great Lakes vessels
Full text of Us Code United States Code § 55332 — Designating American Great Lakes vessels, with citation guidance and answers to common questions.
§ 55332. Designating American Great Lakes vessels
(a)
(1) an application for designation is submitted to the Secretary under regulations prescribed by the Secretary;
(2) the vessel is documented under the laws of the United States;
(3) the vessel, on the effective date of the designation, is—
(A) at least 1, but not more than 6, years old; or
(B) at least 1, but not more than 11, years old if the Secretary finds that suitable vessels are not available to provide the type of service for which the vessel will be used after the designation;
(4) the vessel has not previously been designated as an American Great Lakes vessel; and
(5) the owner makes an agreement as provided under subsection (b).
(b)
(1) the approximate world market value of the vessel; or
(2) the cost of the vessel to the owner less a reasonable amount for depreciation.
(c)
(1) documenting the vessel under the laws of a foreign country; or
(2) selling the vessel to a person not a citizen of the United States.
(d)
(Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1649.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 55332 | 46 App.:1241r. | Pub. L. 101–624, title XV, §1522, Nov. 28, 1990, 104 Stat. 3665. |
In subsection (a), the words "for purposes of sections 1241q to 1241v of this Appendix" are omitted as unnecessary.
In subsection (c), before paragraph (1), the words "construction and purchase" before "agreement" are omitted because the source provision for subsection (b) does not say anything about construction.
In subsection (d), the words "Not later than 60 days after November 28, 1990" are omitted as obsolete.
About This Section
46 U.S.C. § 55332 is part of Title 46 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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