§ 535e. — Ownership.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 33USC535e]
TITLE 33--NAVIGATION AND NAVIGABLE WATERS
CHAPTER 11--BRIDGES OVER NAVIGABLE WATERS
SUBCHAPTER IV--INTERNATIONAL BRIDGES
Sec. 535e. Ownership
(a) Sale, assignment, or transfer; Secretary of Transportation's
approval
Nothing in this subchapter shall be deemed to prevent the
individual, corporation, or other entity to which, pursuant to this
subchapter, authorization has been given to construct, operate, and
maintain an international bridge and the approaches thereto, from
selling, assigning, or transferring the rights, powers, and privileges
conferred by this subchapter: Provided, That such sale, assignment, or
transfer shall be subject to approval by the Secretary of
Transportation.
(b) State status of original applicant upon acquisition of right, title,
and interest after termination of private entity licenses,
contracts, or orders
Upon the acquisition by a State or States, or by a subdivision or
instrumentality thereof, of the right, title, and interest of a private
individual, corporation, or other private entity, and to an
international bridge, any license, contract, or order issued or entered
into by the Secretary of Transportation, to or with such private
individual, corporation, or other private entity, shall be deemed
terminated forthwith. Thereafter, the State, subdivision, or
instrumentality so acquiring shall operate and maintain such bridge in
the same manner as if it had been the original applicant, and the
provisions of section 535d \1\ of this title shall not apply.
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\1\ See References in Text note below.
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(Pub. L. 92-434, Sec. 8, Sept. 26, 1972, 86 Stat. 732.)
References in Text
Section 535d of this title, referred to in subsec. (b), was repealed
by Pub. L. 100-17, title I, Sec. 135(g), Apr. 2, 1987, 101 Stat. 174.
