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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 46 U.S.C. § 53206 Payments us united_states_code code_section 46 SHIPPING 532 CABLE SECURITY FLEET 53206 46 U.S.C. § 53206 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc46@119-100.zip /us/usc/t46/s53206 data/legal/raw/us/code/title-46/usc46.xml 763ba15b7ad71fd05e87af0e1bacdaa6a8591e1df01c03a44a1a5b528cd41746 eb1331aa3c08ed87231a3606d86b30d1b5942cdf8542f6a3df8ac1d66e86057f 98ee7aa15df3c4bf539168f92125381d4e491d0b6aaee4a210a64c467944d849 2026-07-04 official
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46 U.S.C. § 53206 - Payments

Text

(a) Annual Payment.— (1) In general.— The Secretary, subject to availability of appropriations and other provisions of this section, shall pay to the Contractor for an operating agreement, for each vessel that is covered by the operating agreement, an amount equal to $5,000,000 for each fiscal year 2021 through 2035.

(2) Timing.— This amount shall be paid in equal monthly installments at the end of each month. The amount shall not be reduced except as provided by this section or section 51307(b).

(b) Certification Required for Payment.— As a condition of receiving payment under this section for a fiscal year for a vessel, the Contractor for the vessel shall certify that the vessel has been and will be operated in accordance with section 53205(a)(1) for 365 days in each fiscal year. Up to thirty (30) days during which the vessel is drydocked, surveyed, inspected, or repaired shall be considered days of operation for purposes of this subsection.

(c) General Limitations.— The Secretary shall not make any payment under this chapter for a vessel with respect to any days for which the vessel is—

(1) not operated or maintained in accordance with an Operating Agreement under this chapter; or

(2) more than 40 years of age.

(d) Reductions in Payments.— With respect to payments under this chapter for a vessel covered by an Operating Agreement, the Secretary shall make a pro rata reduction for each day less than 365 in a fiscal year that the vessel is not operated in accordance with section 53205(a)(1), with days during which the vessel is drydocked or undergoing survey, inspection or repair to be considered days on which the vessel is operated as provided in subsection (b).

(Added Pub. L. 11692, div. C, title XXXV, § 3521(a), Dec. 20, 2019, 133 Stat. 1995; amended Pub. L. 117263, div. C, title XXXV, § 3517(b)(2), Dec. 23, 2022, 136 Stat. 3074.)

Notes

Editorial Notes

Amendments2022—Subsec. (a)(2). Pub. L. 117263 inserted “or section 51307(b)” after “this section”.