(a) Upon the application of the governor of any State having a seacoast or bordering on any of the Great Lakes, the President may direct the Secretary of the Navy to lend to one well-established military school in that State that desires to instruct its cadets in elementary seamanship one fully equipped cutter for every 25 cadets attending the school, and such other equipment adequate for instruction in elementary seamanship as may be spared.
(b) To be eligible for a loan under this section a school must—(1) have adequate facilities for cutter drill;
(2) have at least 75 cadets—(A) at least 15 years of age;
(B) in uniform;
(C) receiving military instruction; and
(D) quartered in barracks under military regulations; and
(3) have the capacity to quarter and educate 150 cadets at one time.
(c) Whenever a loan is made under this section, the Secretary shall require a bond in double the value of the property for its care and return when required.
Structure US Code
Subtitle C— Navy and Marine Corps
PART IV— GENERAL ADMINISTRATION
CHAPTER 875— DISPOSAL OF OBSOLETE OR SURPLUS MATERIAL
§ 8761a. Uniform clothing: sale to Naval Sea Cadet Corps
§ 8761b. Authority to make grants for purposes of Naval Sea Cadet Corps
§ 8762. Excess clothing: sale for distribution to needy
§ 8763. Useless ordnance material: disposition of proceeds on sale
§ 8764. Devices and trophies: transfer to other agencies
§ 8765. Obsolete material and articles of historical interest: loan or gift
§ 8766. Loan or gift of articles to ships’ sponsors and donors
§ 8767. Equipment for instruction in seamanship: loan to military schools