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PART 2—MARITIME CONSTRUCTION RESERVE FUND

• 2.1—Statutory provisions; sections 511 and 905, Merchant Marine Act, 1936, and related statutes.
• 2.1-1—Definitions.
• 2.1-2—Scope of section 511 of the Act and the regulations in this part.
• 2.1-3—Requirements as to vessel operations.
• 2.1-4—Application to establish fund.
• 2.1-5—Tentative authorization to establish fund.
• 2.1-6—Establishment of fund.
• 2.1-7—Circumstances permitting reimbursement from a construction reserve fund.
• 2.1-8—Investment of funds in securities.
• 2.1-9—Valuation of securities in fund.
• 2.1-10—Withdrawals from fund.
• 2.1-11—Time deposits.
• 2.1-12—Election as to nonrecognition of gain.
• 2.1-13—Deposit of proceeds of sales or indemnities.
• 2.1-14—Deposit of earnings and receipts.
• 2.1-15—Time for making deposits.
• 2.1-16—Tax liability as to earnings deposited.
• 2.1-17—Basis of new vessel.
• 2.1-18—Allocation of gain for tax purposes.
• 2.1-19—Requirements as to new vessels.
• 2.1-20—Obligation of deposits.
• 2.1-21—Period for construction of certain vessels.
• 2.1-22—Time extensions for expenditure or obligation.
• 2.1-23—Noncompliance with requirements.
• 2.1-24—Extent of tax liability.
• 2.1-25—Assessment and collection of deficiencies.
• 2.1-26—Reports by taxpayers.
• 2.1-27—Controlled corporation.
• 2.1-28—Administrative jurisdiction.