§1194. Charter or sale of vessels acquired by Department of Transportation

All vessels transferred to or otherwise acquired by the Department of Transportation in any manner may be chartered or sold by the Secretary of Transportation pursuant to the further provisions of this chapter.

(June 29, 1936, ch. 858, title VII, §704, 49 Stat. 2008 ; Apr. 1, 1937, ch. 64, 50 Stat. 57 ; Pub. L. 97–31, §12(106), Aug. 6, 1981, 95 Stat. 163 .)

Amendments

1981-Pub. L. 97–31 substituted "Department of Transportation" for "Commission" the first place it appeared and "Secretary of Transportation" for "Commission" the second place it appeared, and struck out provisions relating to discontinuance of operation of Commission's vessels on lines in foreign commerce under operating agreements within one year after June 27, 1936. For prior transfers of functions of the Commission, meaning the United States Maritime Commission, see Transfer of Functions note below.

1937-Act Apr. 1, 1937, substituted "may be temporarily operated" for "shall be temporarily operated", required preference to be given to present operators, permitted private operators to commence voyages prior to the expiration date and to complete them thereafter, and inserted provisions providing that nothing contained in this section should be construed as limiting the power of sale under section 1195 of this Appendix.

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.

Authority for Wartime Sale or Charter Repealed

Act May 14, 1940, ch. 201, §2, 54 Stat. 216 , as extended June 16, 1942, ch. 416, 56 Stat. 370 , which related to sale or charter of vessels by United States Maritime Commission until six months after the end of World War II should have been proclaimed or such earlier time as the Congress by concurrent resolution or the President might designate, was repealed by act July 25, 1947, ch. 327, §1, 61 Stat. 449 .

Section Referred to in Other Sections

This section is referred to in section 1196 of this Appendix.