CONVEYANCE VESSELS.

SEC. 902. CONVEYANCE VESSELS. (a) Authority To Convey.— The Secretary of Transportation may convey without consideration all right, title, and interest of the United States in two vessels described in subsection (b) to any nonprofit organization that operates and maintains a Liberty Ship or Victory Snip as a memorial to merchant mariners. (b) Vessels Described.— Vessels that may be conveyed under subsection (a) are vessels that— (1) are in the National Defense Reserve Fleet on the date of the enactment of this Act; (2) are not less than 4,000 displacement tons; (3) have no usefulness to the Government; and (4) are scheduled to be scrapped. (c) Conditions of Conveyance.— As a condition of conveying any vessel to an organization under subsection (a), the Secretary of Transportation shall require that before the date of the conveyance, the organization shall enter into an agreement under which the organization shall— (1) sell the vessel for scrap purposes; (2) use the proceeds of that scrapping for the purpose of refurbishing and making seaworthy a Liberty Ship or Victory Ship that the organization maintains as a memorial to merchant mariners, to enable the vessel to participate in 1994 in commemorative activities in conjunction with the 50th anniversary of the Normandy invasion; and (3) return to the United States any proceeds of scrapping carried out pursuant to paragraph (1) that are not used in accordance with paragraph (2). (d) Deposit of Amounts Returned.— Amounts returned to the United States pursuant to subsection (c)(3) shall be deposited in the Vessel Operations Revolving Fund established under the Act of June 2, 1951 (46 App. U.S.C. 1241a). (e) Delivery of Vessels.— The Secretary of Transportation shall deliver each vessel conveyed under this section— (1) at the place where the vessel is located on the date of the approval of the conveyance by the Secretary of Transportation; (2) in its condition on that date; and (3) without cost to the Government. 107 STAT. 2455 (f) Expiration of Authority To Convey.— The authority of the Secretary of Transportation under this section to convey vessels shall expire on the date that is 2 years after the date of enactment of this Act.