Page:United States Statutes at Large Volume 120.djvu/1679

 120 STAT. 1648

PUBLIC LAW 109–304—OCT. 6, 2006

redemption or purchase of the obligations by the Secretary of the Treasury is a public debt transaction of the Government. ‘‘(d) SOURCE OF FUNDS FOR REIMBURSEMENT.—Reimbursement of the Secretary of Transportation for costs incurred under this section shall be made with appropriated funds rather than through cancellation of notes. ‘‘(e) APPROPRIATIONS.— ‘‘(1) AUTHORIZATION.—Each fiscal year, there is authorized to be appropriated an amount sufficient to reimburse the Secretary of Transportation for the costs incurred under this section, including administrative expenses and the principal and interest due on obligations issued to the Secretary of the Treasury. ‘‘(2) APPROPRIATION FOR ADMINISTRATIVE EXPENSES.—Each fiscal year, such amounts as may be necessary are hereby appropriated to pay interest and to liquidate debt on obligations issued to the Secretary of the Treasury under this section. ‘‘(f) NOTIFICATION TO CONGRESS OF INSUFFICIENCY.—If the Secretary of Transportation is unable to obtain the funds necessary to finance the increased ocean freight charges resulting from the requirements of subsections (a) and (b) and section 55314(a) of this title, the Secretary shall notify Congress within 10 working days of the discovery of the insufficiency. ‘‘§ 55317. Termination of subchapter ‘‘This subchapter terminates 90 days after the date on which a notification is made under section 55316(f) of this title, except for shipments of agricultural commodities and their products subject to contracts made before the end of that 90-day period, unless within that 90-day period the Secretary of Transportation proclaims that funds are available to finance increased freight charges resulting from the requirements of sections 55314(a) and 55316(a) and (b) of this title. On the termination of this subchapter under this section— ‘‘(1) this subchapter does not exempt export activities from, or subject export activities to, the cargo preference laws; and ‘‘(2) the 50-percent requirement in section 55305 of this title remains in effect. ‘‘§ 55318. Effect on other law ‘‘This subchapter does not affect chapter 5 of title 5. ‘‘SUBCHAPTER III—AMERICAN GREAT LAKES VESSELS ‘‘§ 55331. Definitions ‘‘In this subchapter: ‘‘(1) AMERICAN GREAT LAKES VESSEL.—The term ‘American Great Lakes vessel’ means a vessel so designated under section 55332 of this title, but only during the period the designation is in effect. ‘‘(2) GREAT LAKES.—The term ‘Great Lakes’ means Lake Superior, Lake Michigan, Lake Huron, Lake Erie, Lake Ontario, the Saint Lawrence River west of Saint Regis, New York, and their connecting and tributary waters. ‘‘(3) GREAT LAKES SHIPPING SEASON.—The term ‘Great Lakes shipping season’ means the period each year during which the Saint Lawrence Seaway is open for navigation by

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