§57111. Definition of obsolete vessel

In this chapter, the term "obsolete vessel" means a vessel that-

(1) is or will be in the custody and control of the Maritime Administration for purposes of disposing of the vessel; and

(2) has been determined by the Secretary of Transportation to be of insufficient value, with respect to the programs of the Maritime Administration, to warrant-

(A) preserving for future use or spare parts harvesting; or

(B) retaining in the National Defense Reserve Fleet.

(Added Pub. L. 118–31, div. C, title XXXV, §3514(j)(1)(B), Dec. 22, 2023, 137 Stat. 811 .)

Editorial Notes

Prior Provisions

A prior section 57111 was renumbered section 57110 of this title.