PAYMENTS FOR STATE AND REGIONAL MARITIME ACADEMIES.

SEC. 3502. PAYMENTS FOR STATE AND REGIONAL MARITIME ACADEMIES.(a) Annual Payment.—Section 1304(d)(1)(C)(ii) of the Merchant Marine Act, 1936 (46 App. U.S.C. 1295c(d)(1)(C)(ii)) is amended by striking “$200,000” and inserting “$300,000 for fiscal year 2006, $400,000 for fiscal year 2007, and $500,000 for fiscal year 2008 and each fiscal year thereafter”.119 STAT. 3548(b) School Ship Fuel Payment.—Section 1304(c)(2) of the Merchant Marine Act, 1936 (46 App. U.S.C. 1295c(c)(2)) is amended—(1) by striking “The Secretary may pay to any State maritime academy” and inserting “(A) The Secretary shall, subject to the availability of appropriations, pay to each State maritime academy”; and(2) by adding at the end the following:“(B) The amount of the payment to a State maritime academy under this paragraph shall not exceed—“(i) $100,000 for fiscal year 2006;“(ii) $200,000 for fiscal year 2007; and“(iii) $300,000 for fiscal year 2008 and each fiscal year thereafter.”.