In this chapter:
(1)
(A) all amounts paid by or for the account of the obligor as of the date on which a determination is made under section 53715(d)(1) of this title; and
(B) all amounts that the Secretary or Administrator reasonably estimates the obligor will become obligated to pay from time to time thereafter, for the construction, reconstruction, or reconditioning of the vessel, including guarantee fees that will become payable under section 53714 of this title in connection with all obligations issued for construction, reconstruction, or reconditioning of the vessel or equipment to be delivered, and all obligations issued for the delivered vessel or equipment.
(2)
(3)
(4)
(A) if the vessel was not reconstructed or reconditioned, the actual cost of the vessel depreciated on a straight line basis over the useful life of the vessel as determined by the Secretary or Administrator, not to exceed 25 years from the date of delivery by the builder; or
(B) if the vessel was reconstructed or reconditioned, the sum of-
(i) the actual cost of the vessel depreciated on a straight line basis from the date of delivery by the builder to the date of the reconstruction or reconditioning, using the original useful life of the vessel, and from the date of the reconstruction or reconditioning, using a useful life of the vessel determined by the Secretary or Administrator; and
(ii) any amount paid or obligated to be paid for the reconstruction or reconditioning, depreciated on a straight line basis using a useful life of the vessel determined by the Secretary or Administrator.
(5)
(A)
(i) for operations on land-
(I) a structure or appurtenance thereto designed for the unloading and receiving from vessels, the processing, the holding pending processing, the distribution after processing, or the holding pending distribution, of fish from a fishery;
(II) the land necessary for the structure or appurtenance; and
(III) equipment that is for use with the structure or appurtenance and that is necessary for performing a function referred to in subclause (I);
(ii) for operations not on land, a vessel built in the United States and used for, equipped to be used for, or of a type normally used for, the processing of fish; or
(iii) for aquaculture, including operations on land or elsewhere-
(I) a structure or appurtenance thereto designed for aquaculture;
(II) the land necessary for the structure or appurtenance;
(III) equipment that is for use with the structure or appurtenance and that is necessary for performing a function referred to in subclause (I); and
(IV) a vessel built in the United States and used for, equipped to be used for, or of a type normally used for, aquaculture.
(B)
(i) an individual who is a citizen of the United States; or
(ii) an entity that is a citizen of the United States under section 50501 of this title and that is at least 75 percent owned (as determined under that section) by citizens of the United States.
(6)
(7)
(A) refurbishing, repairing, rebuilding, or replacing equipment on a fishing vessel, without materially increasing harvesting capacity;
(B) purchasing a used fishing vessel;
(C) purchasing, constructing, expanding, or reconditioning a fishery facility;
(D) refinancing existing debt;
(E) reducing fishing capacity; and
(F) making upgrades to a fishing vessel, including upgrades in technology, gear, or equipment, that improve-
(i) collection and reporting of fishery-dependent data;
(ii) bycatch reduction or avoidance;
(iii) gear selectivity;
(iv) adverse impacts caused by fishing gear; or
(v) safety.
(8)
(A) a preferred mortgage as defined in section 31301 of this title; and
(B) a mortgage on a vessel that will become a preferred mortgage when filed or recorded under chapter 313 of this title.
(9)
(A) an obligation issued by the Secretary or Administrator under section 53723 of this title; and
(B) an obligation eligible for investment of funds under section 53715(f) or 53717 of this title.
(10)
(11)
(12)
(A) equipment installed on the facility or vessel to use the electricity or other form of energy to produce, process, refine, or manufacture a product;
(B) a cable or pipeline used to deliver the electricity, freshwater, or product to shore; and
(C) other associated equipment and appurtenances of the facility or vessel to the extent they are located seaward of the high water mark.
(13)
(14)
(A) a cargo vessel;
(B) a passenger vessel;
(C) a combination cargo and passenger vessel;
(D) a tanker;
(E) a tug or towboat;
(F) a barge;
(G) a dredge;
(H) a floating drydock with a capacity of at least 35,000 lifting tons and a beam of at least 125 feet between the wing walls;
(I) an oceanographic research vessel;
(J) an instruction vessel;
(K) a pollution treatment, abatement, or control vessel;
(L) a fishing vessel whose ownership meets the citizenship requirements under section 50501 of this title for documenting vessels to operate in the coastwise trade; and
(M) an ocean thermal energy conversion facility or plantship that is or will be documented under the laws of the United States.
(15)
(
In paragraph (2), the words "but shall not be limited to" are omitted as unnecessary.
In paragraph (4)(B), the words "become or remain" are substituted for "be placed under or continued to be" for clarity.
In paragraph (5)(B)(i), the words "individual who is a citizen of the United States" are substituted for "individual who is a citizen or national of the United States or a citizen of the Northern Mariana Islands" in 46 App. U.S.C. 1271(k) because of the definition of "citizen of the United States" in chapter 1 of the revised title. Citizens of the Northern Mariana Islands became citizens or non-citizen nationals of the United States (either of which is a "citizen of the United States" as defined in chapter 1 of the revised title) when the Covenant establishing the Commonwealth of the Northern Mariana Islands became effective on November 4, 1986.
In paragraph (5)(B)(ii), the words "corporation, partnership, association, or other" are omitted as suplus [sic]. The words "the term 'State' as used therein includes any State, the District of Columbia, the Commonwealth of Puerto Rico, American Samoa, the Virgin Islands of the United States, Guam, the Northern Mariana Islands, or any other Commonwealth, territory, or possession of the United States" in 46 App. U.S.C. 1271(k) are omitted as unnecessary because of the definitions of "State" and "United States" in chapter 1 of the revised title. The definition of "United States" in 46 App. U.S.C. 1271(m) is omitted as unnecessary because of the definition of "United States" in chapter 1. The words "and nationals of the United States or citizens of the Northern Mariana Islands shall be treated as citizens of the United States in meeting such ownership requirement" are omitted as unnecessary because of the definition of "citizen of the United States" in chapter 1 of the revised title.
In paragraph (8), before subparagraph (A), the words "instrument of indebtedness" are substituted for "note, bond, debenture, or other evidence of indebtedness" to eliminate unnecessary words. In subparagraph (B), the reference to section 53717 is substituted for the reference to 46 App. U.S.C. 1272 because the accounts under section 53717 replace the Federal Ship Financing Fund. See the explanation for section 53717.
2019-Pars. (5) to (15).
2016-Pars. (8) to (15).
2008-
2006-