46 CFR 281.5 - Right of Maritime Administrator to recover subsidy for any period of idleness.

§ 281.5 Right of Maritime Administrator to recover subsidy for any period of idleness.
The Maritime Administrator may, prior to payment of subsidy for any voucher period which includes a period of idleness, require the operator to establish to the satisfaction of the Maritime Administrator that such period of idleness could not have been prevented in whole or in part through efficient and economical operation. The Maritime Administrator may recover any payment of subsidy for any item of expense allocable to such period of idleness which in the opinion of the Maritime Administrator could have been avoided by efficient and economical operation.
[G.O. 27, Rev. 2, 37 FR 18466, Sept. 12, 1972]

Title 46 published on 2014-10-01

no entries appear in the Federal Register after this date.