---
kind: "section"
citation: "46 C.F.R. § 272.1"
title: "46"
number: "272.1"
heading: "Purpose."
url: "https://uscodex.org/cfr/46/272.1"
---

# §272.1. Purpose.


The purpose of this part is to prescribe the requirements and procedures for determining the condition of vessels receiving operating-differential subsidy, to prescribe the requirements for reporting and substantiating maintenance and repair (M&R) expenses, and to establish the criteria and procedures for determining whether a M&R expense is subsidizable.


## Notes

### Authority

Authority: 46 App. U.S.C. 1114(b), 1173, 1176; 49 CFR 1.66.

### Source

Source: 55 FR 34919, Aug. 27, 1990, unless otherwise noted.