26 U.S.C. § 9505
§ 9505. Harbor Maintenance Trust Fund
No plain-English explainer yet. Below is the official text. Explainers are being added section by section.
History
Added in 1986 by the Public Law 99-662. Last changed December 27, 2020 by the Consolidated Appropriations Act, 2021.
Every change, newest first (5)
- December 27, 2020Consolidated Appropriations Act, 2021
- June 10, 2014Public Law 113-121
- October 12, 1996Public Law 104-303
- December 8, 1993Public Law 103-182
- November 17, 1986Public Law 99-662 · added this section
The law as written
Current through Public Law 119-102. Amendment notes omitted.
Structure
There is hereby established in the Treasury of the United States a trust fund to be known as the “Harbor Maintenance Trust Fund”, consisting of such amounts as may be—
appropriated to the Harbor Maintenance Trust Fund as provided in this section,
transferred to the Harbor Maintenance Trust Fund by the Great Lakes St. Lawrence Seaway Development Corporation pursuant to section 13(a) of the Act of May 13, 1954, or
credited to the Harbor Maintenance Trust Fund as provided in section 9602(b).
There are hereby appropriated to the Harbor Maintenance Trust Fund amounts equivalent to the taxes received in the Treasury under section 4461 (relating to harbor maintenance tax).
Amounts in the Harbor Maintenance Trust Fund shall be available, as provided by appropriation Acts, for making expenditures—
to carry out section 210 of the Water Resources Development Act of 1986,
for payments of rebates of tolls or charges pursuant to section 13(b) of the Act of May 13, 1954 (as in effect on April 1, 1987), and
for the payment of all expenses of administration incurred by the Department of the Treasury, the Army Corps of Engineers, and the Department of Commerce related to the administration of subchapter A of chapter 36 (relating to harbor maintenance tax), but not in excess of $5,000,000 for any fiscal year.