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Transport i infrastruktura · 16.09.1994

Obligation Guarantees

The Maritime Administration (``MARAD'') is issuing this final rule which amends its regulations for Obligation Guarantees implementing Title XI of the Merchant Marine Act, 1936, as amended (``Act''). This rule will carry out the provisions of Subtitle D of Title XIII, Public Law 103-160, enacted on November 30, 1993. Subtitle D authorizes the Secretary of Transportation (``Secretary'') to guarantee obligations issued to finance (1) the construction, reconstruction, or reconditioning of eligible export vessels, and (2) advanced shipbuilding technology and modern shipbuilding technology of a general shipyard facility located in the United States. While Title XI of the Act is applicable to financing assistance for all types of vessel construction, that part of the Title XI program related to fishing vessels is administered by the National Oceanic and Atmospheric Administration of the Department of Commerce, (NOAA), pursuant to NOAA regulations, which appear at 50 CFR Part 253. Subtitle D of Title XIII directed the Secretary to prescribe interim regulations within 90 days after the date of enactment and a final rule within 270 days after enactment. MARAD published an interim final rule

Source: Federal Register — Transportation DepartmentOpen original release →