Page:United States Statutes at Large Volume 119.djvu/3571

 PUBLIC LAW 109–163—JAN. 6, 2006

119 STAT. 3553

1973 for certain maritime programs of the Department of Commerce, and for related purposes’’ (Public Law 92–402; 16 U.S.C. 1220a) is amended to read as follows: ‘‘(4) the transfer would be at no cost to the Government (except for any financial assistance provided under section 1220(c)(1) of this title) with the State taking delivery of such obsolete ships and titles in an ‘as-is—where-is’ condition at such place and time designated as may be determined by the Secretary of Transportation.’’. SEC. 3506. ASSISTANCE FOR SMALL SHIPYARDS AND MARITIME COMMUNITIES.

(a) ESTABLISHMENT OF PROGRAM.—Subject to the availability of appropriations, the Administrator of the Maritime Administration shall establish a program to provide assistance to State and local governments— (1) to provide assistance in the form of grants, loans, and loan guarantees to small shipyards for capital improvements; and (2) for maritime training programs in communities whose economies are substantially related to the maritime industry. (b) AWARDS.—In providing assistance under the program, the Administrator shall— (1) take into account— (A) the economic circumstances and conditions of maritime communities; and (B) the local, State, and regional economy in which the communities are located; and (2) strongly encourage State, local, and regional efforts to promote economic development and training that will enhance the economic viability of and quality of life in maritime communities. (c) USE OF FUNDS.—Assistance provided under this section may be used— (1) to make capital and related improvements in small shipyards located in or near maritime communities; (2) to encourage, assist in, or provide training for residents of maritime communities that will enhance the economic viability of those communities; and (3) for such other purposes as the Administrator determines to be consistent with and supplemental to such activities. (d) PROHIBITED USES.—Grants awarded under this section may not be used to construct buildings or other physical facilities or to acquire land unless such use is specifically approved by the Administrator in support of subsection (c)(3). (e) MATCHING REQUIREMENTS.— (1) FEDERAL FUNDING.—Except as provided in paragraph (2), Federal funds for any eligible project under this section shall not exceed 75 percent of the total cost of such project. (2) EXCEPTIONS.— (A) SMALL PROJECTS.—Paragraph (1) shall not apply to grants under this section for stand alone projects costing not more than $25,000. The amount under this subparagraph shall be indexed to the consumer price index and modified each fiscal year after the annual publication of the consumer price index.

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Grants. Loans. 46 USC app. 1249.

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