Page:United States Statutes at Large Volume 104 Part 4.djvu/678

 104 STAT. 2994 PUBLIC LAW 101-595—NOV. 16, 1990 (B) $8,872,000 for assistance to the State maritime academies; and (C) $1,613,000 for manpower and additional training. (3) $28,095,000 for operating programs. (4) $7,902,000 for expenses related to national security support capabilities, including— (A) $6,748,000 for the National Defense Reserve Fleet; and (B) $1,154,000 for emergency planning operations. (5) $225,000,000 for the Ready Reserve Force, including— (A) $49,400,000 for fleet additions, replacements, acquisitions, and upgrading of vessels for the Ready Reserve Force; (B) $171,600,000 for maintenance and operations programs in support of the Ready Reserve Force; and (C) $4,000,000 for Ready Reserve Force facilities. SEC. 702. NATIONAL MARITIME ENHANCEMENT INSTITUTES. Section 8(e) of the Act of October 13, 1989 (Public Law 101-115; 46 USC app. 103 Stat. 695) is amended to read as follows: ^^2^"2- "(e) The Secretary may make awards on an equal matching basis to an institute designated under subsection (a) from amounts appropriated. The aggregate annual amount of the Federal share of the awards shall not exceed $100,000.". Establishment. SEC. 703. BOARD OF VISITORS. Section 1303(h)(1) of the Merchant Marine Act, 1936 (46 App. U.S.C. 1295b(h)(l)), is amended to read as follows: "(h)(1) A Board of Visitors to the Academy shall be established, for a term of two years commencing at the beginning of each Congress, to visit the Academy annually on a date determined by the Secretary and to make recommendations on the operation of the Academy.". SEC. 704. SALE OF OBSOLETE VESSELS. Section 510(i) of the Merchant Marine Act, 1936 (46 App. U.S.C. 1160(i)), is amended to read as follows: "(i) The Secretary of Transportation is authorized to acquire suitable documented vessels, as defined in section 2101 of title 46, United States Code, with funds in the Vessel Operations Revolving Fund derived from the sale of obsolete vessels in the National Defense Reserve Fleet. For purposes of this subsection, the acquired and obsolete vessels shall be valued at their scrap value in domestic or foreign markets as of the date of the acquisition for or sale from the National Defense Reserve Fleet; except that, in a transaction subject to this section, the value assigned to those vessels will be determined on the same basis, with consideration given to the fair value of the cost of positioning the traded-out vessel to the place of scrapping. All costs incident to the lay-up of the vessel acquired under this subsection may be paid from balances in the Fund. Notwithstanding the provisions of sections 9 and 37 of the Shipping Act, 1916, vessels sold from the National Defense Reserve Fleet under this subsection may be scrapped in approved foreign markets.". SEC. 705. SHIP SHARING. Section 4 of the Act of October 13, 1989 (Public Law 101-115; 103 46 USC app. Stat. 692) is amended— 1295c note.

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