§ 864a. Purchase allowance in sale of vessels for cost of putting vessels in class

On and after June 30, 1948, the Secretary of Transportation may make allowances to purchasers of vessels for cost of putting such vessels in class, such allowances to be determined on the basis of competitive bids, without regard to the provisions of the last paragraph of section 1736(d) ^[1] of the Appendix to title 50.

[1] See References in Text note below.

U.S. Code

§ 864a. Purchase allowance in sale of vessels for cost of putting vessels in class