46 U.S.C. 57111: Definition of obsolete vesselText contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 46-SHIPPINGCHAPTER 571-GENERAL AUTHORITY
§57111. Definition of obsolete vessel
In this chapter, the term “obsolete vessel” means a vessel that—
(1) is or will be in the custody and control of the Maritime Administration for purposes of disposing of the vessel; and
(2) has been determined by the Secretary of Transportation to be of insufficient value, with respect to the programs of the Maritime Administration, to warrant—
(A) preserving for future use or spare parts harvesting; or
(B) retaining in the National Defense Reserve Fleet.
(Added Pub. L. 118–31, div. C, title XXXV, § 3514(j)(1)(B) , Dec. 22, 2023 , 137 Stat. 811 .)
Editorial Notes
Prior Provisions
A prior section 57111 was renumbered section 57110 of this title.