46 U.S.C. § 53708
Findings related to economic soundness
United States · Title 46 — SHIPPING · Status: effective
Cite this
- Citation
- 46 U.S.C. § 53708, Findings related to economic soundness, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/488292
- Permanent ID
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173f118ae365ab1e2515184b321d43ae1d5d6cdefe0e662e5cd0e6f74482236c
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Full text
The Administrator may not guarantee or make a commitment to guarantee an obligation under this chapter unless the Administrator finds that the property or project for which the obligation will be executed will be economically sound. In making that finding, the Administrator shall consider—
The Secretary may not guarantee or make a commitment to guarantee an obligation under this chapter unless the Secretary finds, at or prior to the time the commitment is made or the guarantee becomes effective, that—
for a fishing vessel, the purpose of the financing or refinancing is consistent with—
The Secretary may not guarantee or make a commitment to guarantee an obligation under this chapter for the purchase of a used fishing vessel or used fishery facility unless the vessel or facility will be—
used—
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.
- To complete the codification of title 46, United States Code, "Shipping", as positive law.House: no recorded tallySenate: no recorded tally
- National Defense Authorization Act for Fiscal Year 2006House: 374–41Senate: no recorded tally
- National Defense Authorization Act for Fiscal Year 2008