Maritime Administration June 8, 2005 – Federal Register Recent Federal Regulation Documents

Title XI Remedies
Document Number: 05-11316
Type: Notice
Date: 2005-06-08
Agency: Maritime Administration, Department of Transportation
In response to the 2004 Follow-Up Audit of the Title XI Loan Guarantee Program conducted by the Inspector General of the Department of Transportation, the Maritime Administration (MARAD) committed to include certain new remedies as part of the documentation for loan guarantees issued under Title XI of the Merchant Marine Act of 1936, as amended (Act). This notice sets out the remedies which MARAD has developed to fulfill its commitment to the Department's Office of Inspector General (OIG). MARAD is requesting public comments from parties who may wish to express their views on the proposed changes or who wish to suggest alternatives to the draft language developed by MARAD.
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