46 USC 57513: Minimum bid
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46 USC 57513: Minimum bid Text contains those laws in effect on January 8, 2008
From Title 46-SHIPPINGSubtitle V-Merchant MarinePart F-Government-Owned Merchant VesselsCHAPTER 575-CONSTRUCTION, CHARTER, AND SALE OF VESSELSSUBCHAPTER II-CHARTERS
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§57513. Minimum bid

The Secretary of Transportation shall reject any bid for the charter under this subchapter of a vessel constructed under this subtitle or the Merchant Marine Act, 1936, if the charter hire offered is lower than the minimum charter hire would be if the vessel were chartered under section 57531 of this title.

( Pub. L. 109–304, §8(c), Oct. 6, 2006, 120 Stat. 1666 .)

Historical and Revision Notes
Revised

Section

Source (U.S. Code)Source (Statutes at Large)
57513 46 App.:1196(b) (last sentence). June 29, 1936, ch. 858, title VII, §706(b) (last sentence), as added Aug. 4, 1939, ch. 417, §11(b), 53 Stat. 1186 ; Pub. L. 97–31, §12(108), Aug. 6, 1981, 95 Stat. 163 .

References in Text

The Merchant Marine Act, 1936, referred to in text, is act June 29, 1936, ch. 858, 49 Stat. 1985 , which enacted provisions set out as notes under section 53101 of this title. For complete classification of this Act to the Code, see Short Title of 1936 Amendment note set out under section 101 of this title and Tables.