WASHINGTON, Sept. 22 -- Maritime Administration has issued a proposed rule called: Capital Construction Fund Revision.
The proposed rule was published in the Federal Register on Sept. 22 by T. Mitchell Hudson, Secretary, Maritime Administration.
Summary: MARAD proposes to revise its regulations governing the filing of applications and administration of Capital Construction Fund (CCF) Program accounts. The proposed rule would (i) conform the regulations to recent statutory amendments extending CCF Program application to all U.S. built vessels engaged in United States domestic or foreign commerce, (ii) eliminate limitations on CCF Program availability to certain geographic trades, (iii) clarify the maximum allowable completion time for reco...