# 46 C.F.R. § 287.5 (2026): Tentative authorization to establish fund

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T46_P287_S287_5

## Section

- **Citation:** 46 C.F.R. § 287.5 (2026)
- **Heading:** Tentative authorization to establish fund
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 46 CFR: Shipping / Chapter II: MARITIME ADMINISTRATION, DEPARTMENT OF TRANSPORTATION / Part 287: ESTABLISHMENT OF CONSTRUCTION RESERVE FUNDS / § 287.5: § 287.5   Tentative authorization to establish fund.

## Text

Where the time between the receipt by the Administration of the application for permission to establish a construction reserve fund and the date prior to which an amount received from the sale or loss of a vessel must be deposited to come within the scope of section 511 of the Act is insufficient to permit a determination of the eligibility of the applicant, the Administration may tentatively authorize the establishment of a construction reserve fund and the deposit of such amount therein. Such tentative authorization shall be subject to rescission by the Administration if subsequently it is determined that the applicant is not entitled to the benefits of section 511 of the Act, or has not complied with the statutory requirements. For example, a tentative authorization will be rescinded if the Administration ascertains that the applicant is not a citizen. Upon such determination, the fund shall be closed and all amounts on deposit therein shall be withdrawn.

## Nearby sections

- [46 C.F.R. § 287.1 (2026) § 287.1   Definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T46_P287_S287_1.md)
- [46 C.F.R. § 287.2 (2026) § 287.2   Scope of section 511 of the Act and the regulations in this part.](https://www.frixlaw.com/law-library/statutes/CFR_T46_P287_S287_2.md)
- [46 C.F.R. § 287.3 (2026) § 287.3   Requirements as to vessel operations.](https://www.frixlaw.com/law-library/statutes/CFR_T46_P287_S287_3.md)
- [46 C.F.R. § 287.4 (2026) § 287.4   Application to establish fund.](https://www.frixlaw.com/law-library/statutes/CFR_T46_P287_S287_4.md)
- [46 C.F.R. § 287.5 (2026) § 287.5   Tentative authorization to establish fund.](https://www.frixlaw.com/law-library/statutes/CFR_T46_P287_S287_5.md)
- [46 C.F.R. § 287.6 (2026) § 287.6   Establishment of fund.](https://www.frixlaw.com/law-library/statutes/CFR_T46_P287_S287_6.md)
- [46 C.F.R. § 287.7 (2026) § 287.7   Circumstances permitting reimbursement from a construction reserve fund.](https://www.frixlaw.com/law-library/statutes/CFR_T46_P287_S287_7.md)
- [46 C.F.R. § 287.8 (2026) § 287.8   Investment of funds in securities.](https://www.frixlaw.com/law-library/statutes/CFR_T46_P287_S287_8.md)
- [46 C.F.R. § 287.9 (2026) § 287.9   Valuation of securities in fund.](https://www.frixlaw.com/law-library/statutes/CFR_T46_P287_S287_9.md)
- [46 C.F.R. § 287.10 (2026) § 287.10   Withdrawals from fund.](https://www.frixlaw.com/law-library/statutes/CFR_T46_P287_S287_10.md)
- [46 C.F.R. § 287.11 (2026) § 287.11   Time deposits.](https://www.frixlaw.com/law-library/statutes/CFR_T46_P287_S287_11.md)
- [46 C.F.R. § 287.12 (2026) § 287.12   Election as to nonrecognition of gain.](https://www.frixlaw.com/law-library/statutes/CFR_T46_P287_S287_12.md)
- [46 C.F.R. § 287.13 (2026) § 287.13   Deposit of proceeds of sales or indemnities.](https://www.frixlaw.com/law-library/statutes/CFR_T46_P287_S287_13.md)
- [46 C.F.R. § 287.14 (2026) § 287.14   Deposit of earnings and receipts.](https://www.frixlaw.com/law-library/statutes/CFR_T46_P287_S287_14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T46_P287_S287_5. Check the current official text before relying on it. Not legal advice.