For the war-risk insurance revolving fund, authorized by this subchapter, the Secretary of Transportation is authorized to transfer to said fund, at such times as it may become necessary in order to place into effect the insurance coverage authorized by this subchapter, and in such amounts as he may determine, not to exceed a total of $10,000,000 from the “Vessel Operations Revolving Fund”.
Section was not enacted as part of the Merchant Marine Act, 1936, which comprises this chapter.
Amendments
1981—Pub. L. 97–31substituted “Secretary of Transportation” for “Secretary of Commerce”.
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46a USC
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