(a) Payment Agreements.— The Secretary of Transportation may make an agreement (effective for not more than 4 years) with the following academies to provide annual payments to those academies for their maintenance and support:
(1)One State maritime academy in each State that satisfies section
51506(a) of this title.
(2)Each regional maritime academy that satisfies section
51506(a) of this title.
(1) In general.— Subject to paragraph (2), an annual payment to an academy under subsection (a) shall be at least equal to the amount given to the academy for its maintenance and support by the State in which it is located, or, for a regional maritime academy, by all States cooperating to sponsor the academy.
(2) Maximum.— The amount under paragraph (1) may not be more than $25,000. However, if the academy satisfies section
51506(b) of this title, the amount shall be—
(A)$100,000 for a State maritime academy; and
(B)$300,000 for fiscal year 2006, $400,000 for fiscal year 2007, and $500,000 for fiscal year 2008 and each fiscal year thereafter for a regional maritime academy.
Subsec. (b)(2)(B). Pub. L. 110–181, § 3523(a)(3), incorporated the substance of the amendment by Pub. L. 109–163, § 3502(a), into this section by substituting “$300,000 for fiscal year 2006, $400,000 for fiscal year 2007, and $500,000 for fiscal year 2008 and each fiscal year thereafter” for “$200,000”. See 2006 Amendment note below and section 18(a) ofPub. L. 109–304, set out as a Legislative Purpose and Construction note preceding section
101 of this title.
2006—Pub. L. 109–163, § 3502(a), which directed the amendment of section 1295c(d)(1) of the former Appendix to this title from which this section was derived, was repealed by Pub. L. 110–181, § 3523(b). See 2008 Amendment note for subsec. (b)(2)(B) and Historical and Revision notes above.
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