View all text of Chapter 533 [§ 53301 - § 53312]

§ 53305. Eligible fund deposits
A construction reserve fund may include deposits of—
(1) the proceeds from the sale of a vessel;
(2) indemnities for the loss of a vessel;
(3) earnings from the operation of a documented vessel and from services incident to the operation; and
(4) interest or other amounts accrued on deposits in the fund.
(Pub. L. 109–304, § 8(c), Oct. 6, 2006, 120 Stat. 1588.)