---
kind: "section"
citation: "50 C.F.R. § 259.5"
title: "50"
number: "259.5"
heading: "Maximum deposit amounts and time to deposit."
url: "https://uscodex.org/cfr/50/259.5"
---

# §259.5. Maximum deposit amounts and time to deposit.

- (a) Other than the maximum annual ceilings established by the Act, the Secretary shall not establish an annual ceiling. However, deposits can no longer be made once a party has deposited 100 percent of the anticipated cost of all Schedule B objectives unless the Agreement is then amended to establish additional Schedule B objectives.
- (b) Ordinarily, the Secretary shall permit deposits to accumulate prior to commencement of any given Schedule B objective for a maximum of ten years. However, at the Secretary's sole discretion and based on good and sufficient cause shown, the time period may be extended.

## Notes

### Authority

Authority: 46 U.S.C. 53501, formerly 46 U.S.C. App. 1177 and 1177-1.

### Source

Source: 82 FR 24565, May 30, 2017, unless otherwise noted.