§1198. Payment of subsidies to charterers

The Secretary of Transportation may, if in his discretion financial aid is deemed necessary, enter into a contract with any charterer of his vessels for payment to such charterer of an operating-differential subsidy upon the same terms and conditions and subject to the same limitations and restrictions, where applicable, as are elsewhere provided in this chapter with respect to payments of such subsidies to operators of privately owned vessels.

(June 29, 1936, ch. 858, title VII, §708, 49 Stat. 2009 ; June 23, 1938, ch. 600, §31, 52 Stat. 962 ; Pub. L. 97–31, §12(110), Aug. 6, 1981, 95 Stat. 163 .)

Amendments

1981-Pub. L. 97–31 substituted "Secretary of Transportation" for "Commission" and "his" for "its" in two places. 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, inserted ", where applicable," before "as are elsewhere provided".

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.

Section Referred to in Other Sections

This section is referred to in section 1196 of this Appendix; title 50 App. section 1738.