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46 U.S.C. § 53709

Amount of obligations

United States · Title 46 — SHIPPING · Status: effective

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46 U.S.C. § 53709, Amount of obligations, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/488293
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Full text

The principal of an obligation may not be guaranteed in an amount greater than the amount determined by multiplying the percentage applicable under subsection (b) by— The principal amount may not exceed 87.5 percent of the actual cost or depreciated actual cost if—

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. 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