Transfer or gift of obsolete, condemned, or captured vessels

§ 7308. Transfer or gift of obsolete, condemned, or captured vessels (a) Subject to section 474 of title 40, the Secretary of the Navy may transfer by gift or otherwise, on terms prescribed by him, any obsolete or condemned vessel of the Navy or any captured vessel in the possession of the Department of the Navy to— (1) any State, Territory, Commonwealth, or possession of the United States, or any municipal corporation or political subdivision thereof; (2) the District of Columbia or the Canal Zone; or (3) any corporation or association whose charter or articles of agreement denies it the right to operate for profit. (b) Each agreement for the transfer of a vessel under this section shall include a stipulation that— (1) the transferee will maintain the vessel in a condition satisfactory to the Department of the Navy; and (2) no expense to the United States will result from the transfer. (c) No transfer under this section takes effect unless— (1) notice of the proposal to make the transfer is sent to Congress; (2) 60 calendar days of continuous session of Congress have expired after the notice is sent to Congress; and (3) during that 60-day period Congress does not pass a concurrent resolution stating in substance that it does not favor the proposed transfer.