There is created a Federal Ship Financing Fund (hereinafter referred to as the Fund) which shall be used by the Secretary or Administrator as a revolving fund for the purpose of carrying out the provisions of this subchapter, and there shall be allocated to such fund the sum of $1,000,000 out of funds made available to the Secretary or Administrator under the appropriation authorized by section
1279  of this Appendix. Moneys in the Fund shall be deposited in the Treasury of the United States to the credit of the Fund or invested in bonds or other obligations of, or guaranteed as to principal and interest by, the United States.
2006—Pub. L. 109–163substituted “Secretary or Administrator” for “Secretary” in two places.
1981—Pub. L. 97–31struck out “of Commerce” after “Secretary” in two places.
1972—Pub. L. 92–507substituted “Federal Ship Financing Fund” for “Federal Ship Mortgage Insurance Fund”, and “Fund” for “fund” in four places.
1959—Pub. L. 86–123substituted “section
1110” for “section
1109” of act June 29, 1936, which for purposes of codification has been changed to “section
1279 of this Appendix”.
1954—Act Sept. 3, 1954, omitted provisions relating to the purchase of debentures and substituted “Secretary of Commerce” for “Commission”.
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Monday, June 17, 2013
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Description of Change
Statutes at Large
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