§ 7547. Equipment for instruction in seamanship: loan to military schools
(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.
(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.