§51505. Annual payments for maintenance and support

(a) Payment Agreements.-The Secretary of Transportation may make an agreement (effective for not more than 4 years) with the following academies to provide annual payments to those academies for their maintenance and support:

(1) One State maritime academy in each State that satisfies section 51506(a) of this title.

(2) Each regional maritime academy that satisfies section 51506(a) of this title.

(b) Payments.-

(1) In general.-Subject to paragraph (2), an annual payment to an academy under subsection (a) shall be at least equal to the amount given to the academy for its maintenance and support by the State in which it is located, or, for a regional maritime academy, by all States cooperating to sponsor the academy.

(2) Maximum.-The amount under paragraph (1) may not be more than $25,000. However, if the academy satisfies section 51506(b) of this title, the amount shall be-

(A) $100,000 for a State maritime academy; and

(B) $200,000 for a regional maritime academy.

( Pub. L. 109–304, §8(b), Oct. 6, 2006, 120 Stat. 1578 ; Pub. L. 109–163, div. C, title XXXV, §3502(a), Jan. 6, 2006, 119 Stat. 3547 .)

Amendment Not Shown in Text

This section was derived from section 1295c(d)(1) of the former Appendix to this title, which was amended by Pub. L. 109–163, div. C, title XXXV, §3502(a), Jan. 6, 2006, 119 Stat. 3547 . For applicability of that amendment to this section, see section 18(a) of Pub. L. 109–304, set out as a Legislative Purpose and Construction note preceding section 101 of this title. Section 1295c(d)(1) of the former Appendix to this title was amended in subparagraph (C)(ii) (corresponding to subsection (b)(2)(B) of this section) by striking "$200,000" and inserting "$300,000 for fiscal year 2006, $400,000 for fiscal year 2007, and $500,000 for fiscal year 2008 and each fiscal year thereafter".

In subsection (b)(1), the reference to territories is omitted as unnecessary because of the definition of "State" in chapter 1 of the revised title.