(a) Payment Agreements.—The Secretary of Transportation may make an agreement (effective for not more than 4 years) with the following academies to provide annual payments to those academies for their maintenance and support:(1) One State maritime academy in each State that satisfies section 51506(a) of this title.
(2) Each regional maritime academy that satisfies section 51506(a) of this title.
(b) Payments.—(1) In general.—Subject to paragraph (2), an annual payment to an academy under subsection (a) shall be at least equal to the amount given to the academy for its maintenance and support by the State in which it is located, or, for a regional maritime academy, by all States cooperating to sponsor the academy.
(2) Maximum.—The amount under paragraph (1) may not be more than $25,000, unless the academy satisfies section 51506(b) of this title.
Structure US Code
Part B— Merchant Marine Service
CHAPTER 515— STATE MARITIME ACADEMY SUPPORT PROGRAM
§ 51501. General support program
§ 51502. Detailing of personnel
§ 51503. Regional maritime academies
§ 51504. Use of training vessels
§ 51505. Annual payments for maintenance and support
§ 51506. Conditions to receiving payments and use of vessels
§ 51508. Allowances for students
§ 51509. Student incentive payment agreements
§ 51510. Deferment of service obligation under student incentive payment agreements