§1241c. Expenses for activation, repair and deactivation of merchant ships; receipts
The vessel operations revolving fund created by section 1241a of this Appendix, shall, beginning July 1, 1956, be available for expenses incurred in connection with the activation, repair, and deactivation of merchant ships chartered under the jurisdiction of the Secretary of Transportation. There shall be credited to such fund all receipts on account of operations after July 1, 1956, under charters of Government-owned ships under the jurisdiction of the Secretary of Transportation.
(Aug. 1, 1956, ch. 846,
Codification
Section was not enacted as part of the Merchant Act, 1936, which comprises this chapter.
Amendments
1981-