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46 U.S.C. § 53706

Eligible purposes of obligations

United States · Title 46 — SHIPPING · Status: effective

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46 U.S.C. § 53706, Eligible purposes of obligations, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/488290
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Full text

To be eligible for a guarantee under this chapter, an obligation must aid in any of the following: Financing (including reimbursement of an obligor for expenditures previously made for) the construction, reconstruction, or reconditioning of a vessel designed principally for research, or for commercial use— Financing the purchase, reconstruction, or reconditioning of a vessel or fishery facility— that, under subchapter II of this chapter— Financing or refinancing— In guaranteeing or making a commitment to guarantee an obligation under this chapter, the Administrator shall give priority to— after applying subparagraph (A), a vessel that is otherwise eligible for a guarantee and that the Secretary of Defense determines—

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.

  • Enacted byPub. L. 109-304(H.R. 1442)2006-10-06
    To complete the codification of title 46, United States Code, "Shipping", as positive law.
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 109-163(H.R. 1815)2006-01-06
    National Defense Authorization Act for Fiscal Year 2006
    House: 374–41Senate: no recorded tally
  • Amended byPub. L. 109-479(H.R. 5946)2007-01-12
    Magnuson-Stevens Fishery Conservation and Management Reauthorization Act of 2006
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 110-181(H.R. 4986)2008-01-28
    National Defense Authorization Act for Fiscal Year 2008
    House: 369–46Senate: 91–3
  • Amended byPub. L. 116-92(S. 1790)2019-12-20
    National Defense Authorization Act for Fiscal Year 2020
    House: 377–48Senate: 86–8
  • Amended byPub. L. 118-31(H.R. 2670)2023-12-22
    National Defense Authorization Act for Fiscal Year 2024
    House: 310–118Senate: 87–13