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U.S. Code as of:
01/19/04
Section 1220c-1. Financial assistance to State to prepare transferred ship
(a) Assistance authorized
The Secretary, subject to the availability of appropriations, may
provide, to any State to which an obsolete ship is transferred
under this chapter, financial assistance to prepare the ship for
use as an artificial reef, including for -
(1) environmental remediation;
(2) towing; and
(3) sinking.
(b) Amount of assistance
The Secretary shall determine the amount of assistance under this
section with respect to an obsolete ship based on -
(1) the total amount available for providing assistance under
this section;
(2) the benefit achieved by providing assistance for that ship;
and
(3) the cost effectiveness of disposing of the ship by transfer
under this chapter and provision of assistance under this
section, compared to other disposal options for that ship.
(c) Terms and conditions
The Secretary -
(1) shall require a State seeking assistance under this section
to provide cost data and other information determined by the
Secretary to be necessary to justify and document the assistance;
and
(2) may require a State receiving such assistance to comply
with terms and conditions necessary to protect the environment
and the interests of the United States.
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