46 USC App 1179: Withholding payment to defaulting contractor
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46 USC App 1179: Withholding payment to defaulting contractor Text contains those laws in effect on January 23, 2000
From Title 46-AppendixCHAPTER 27-MERCHANT MARINE ACT, 1936SUBCHAPTER VI-VESSEL OPERATING ASSISTANCE PROGRAMSPart A-Operating-Differential Subsidy Program
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§1179. Withholding payment to defaulting contractor

The Secretary of Transportation shall withhold the payment of operating-differential subsidy while any contractor therefor is in default in any payments due on account of construction-loan, ship-sales mortgage notes, or any other obligation due the United States, and shall apply the amount so withheld to the satisfaction of such debt.

(June 29, 1936, ch. 858, title VI, §609, 49 Stat. 2007 ; June 23, 1938, ch. 600, §29, 52 Stat. 961 ; Pub. L. 97–31, §12(99), Aug. 6, 1981, 95 Stat. 162 .)

Amendments

1981-Pub. L. 97–31 substituted "Secretary of Transportation" for "Commission". For prior transfers of functions of the Commission, meaning the United States Maritime Commission, see Transfer of Functions note below.

1938-Act June 23, 1938, repealed subsec. (b) which related to cancellation or modification of a contract where a contractor filed bankruptcy or was in default of payments.

Transfer of Functions

For transfer of functions of United States Maritime Commission, see Reorg. Plan No. 6 of 1949, Reorg. Plan No. 21 of 1950, and Reorg. Plan No. 7 of 1961, set out under section 1111 of this Appendix.