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46 U.S.C. § 51320

Acceptance of guarantees with gifts for major projects

United States · Title 46 — SHIPPING · Status: effective

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46 U.S.C. § 51320, Acceptance of guarantees with gifts for major projects, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/488176
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In this section: The term “major project” means a project estimated to cost at least $1,000,000 for— The term “major United States commercial bank” means a commercial bank that— The term “major United States investment management firm” means— a major United States commercial bank that— The term “qualified guarantee”, with respect to a major project, means a guarantee that— is accompanied by— The term “qualified account control agreement”, with respect to a guarantee of a donor, means an agreement among the donor, the Maritime Administrator, and a major United States investment management firm that—

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.