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10 U.S.C. § 8682

Service craft stricken from Naval Vessel Register; obsolete boats: use of proceeds from exchange or sale

United States · Title 10 — ARMED FORCES · Status: effective

Transportation & Motor Vehicles
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10 U.S.C. § 8682, Service craft stricken from Naval Vessel Register; obsolete boats: use of proceeds from exchange or sale, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/435844
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When the Secretary of the Navy sells an obsolete service craft or an obsolete boat, or exchanges such a craft or boat in a transaction for which a similar craft or boat is acquired, the Secretary may retain the proceeds of the sale or the exchange allowance from the exchange, as the case may be, and apply the proceeds of sale or the exchange allowance for any of the following purposes: In this section, the term “full costs of preparation” means the full costs (direct and indirect) incurred by the Navy in preparing an obsolete service craft or an obsolete boat for exchange or sale, including the cost of the following:

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.