Pub. L. 89-324, tit. II, sec. 203

Pub. L. 89-324, tit. II, sec. 203

EnactedYear: 1965Length: 82 wordsOfficial source
Sec. 203. Notwithstanding sections 7304 and 7305 of title 10, United States Code, should the President determine that the vessel or vessels shall be sold to the recipient government, said vessel or vessels shall be stricken from the Naval Vessel Register. The vessel or vessels shall be sold at not less than $1,000,000 each over and above any cost of activation, overhaul, or modification. All sales will be made pursuant to the Foreign Assistance Act of 1961, as amended, or successor legislation.