PUBLIC LAW 95-505—OCT. 24, 1978
Public Law 95-505 95th Congress
92 STAT. 1755
^ An Act
To amend title X I of the Merchant Marine Act, 1936, to permit the guarantee of obligations for financing Great Lakes vessels in an amount not exceeding 8 7 ^ per centum of the actual or depreciated actual cost of each vessel.
Oct. 24, 1978 [H.R. 11658]
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 509 of Great Lakes the Merchant Marine Act, 1936, as amended (46 U.S.C. 1159), is vessels, amended by striking the words "fourteen knots" in the fourth sentence, financing. and inserting in lieu thereof the words "ten knots". Approved October 24, 1978.
LEGISLATIVE HISTORY: HOUSE REPORT No. 95-1528 (Comm. on Merchant Marine and Fisheries). CONGRESSIONAL RECORD, VoL 124 (1978): Oct. 3, considered and passed House. Oct. 6, considered and passed Senate.
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