Capital Construction Fund
Active
- Assistance listing
- 20.808
- Agency
-
Maritime Administration
Department of Transportation
- Grant awards
- Not on record
Program facts
- Also known as
- Capital Construction Fund (CCF)
- Treasury account
-
- 69-1750-0-1-403
- More information
Program details come from SAM.gov Assistance Listings. Updated .
About this program
The Department of Transportation Maritime Administration administers the Capital Construction Fund (CFDA 20.808) to finance the construction, reconstruction, or acquisition of replacement or additional vessels documented and operated under U.S. law in foreign trade, Great Lakes, Marine Highways, or noncontiguous domestic trades.
The source provides no recent grant awards, award portfolio data, funding concentration figures, or open grant opportunities. Program activity cannot be assessed from the information supplied.
Eligibility is restricted to U.S. citizens who own or lease one or more eligible vessels and can demonstrate financial capability to execute a vessel acquisition, construction, or reconstruction program. The Maritime Administration's Office of Financial Approvals evaluates applicant citizenship, vessel eligibility, program acceptability, and financial standing; approval authority rests with the Associate Administrator for Business and Finance Development. Award terms vary based on individual programs negotiated between the Maritime Administration and each applicant. The approval process typically requires 30 to 90 days.
To evaluate pursuit under this program, contact the Maritime Administration, Office of Financial Approvals for current opportunity status, recent award activity, typical award magnitudes, and the current application cycle.
Objective and description
- Objective
To provide for replacement vessels, additional vessels or reconstructed vessels, built and documented under the laws of the United States for operation in the United States foreign, Great Lakes, Marine Highways or noncontiguous domestic trades.
- Description
To provide for replacement vessels, additional vessels or reconstructed vessels, built and documented under the laws of the United States for operation in the United States foreign, Great Lakes, Marine Highways or noncontiguous domestic trades.
Eligibility
- Applicant eligibility
An applicant must be a U.S. citizen, own or lease one or more eligible vessels, have a program for the acquisition, construction or reconstruction of a qualified vessel and demonstrate the financial capabilities to accomplish the program.
- Uses of assistance
The capital construction fund program is a program created to help rejuvenate the American Merchant Marine. The assistance provided is not through payment of appropriated funds, but rather allows the fund holder to defer a portion of tax monies that would otherwise be paid to the U.S. Government during the tax year. The extension of tax deferral privileges encourages the accomplishment of the program objective by allowing the fund holder to accumulate and use otherwise taxable earnings for the purposes of acquiring, constructing or reconstructing vessels built and documented in the United States and operated in the United States foreign, Great Lakes or noncontiguous domestic trade and in the fisheries.
- Length and time phasing of assistance
Depends upon the individual program agreed to between the Maritime Administration and the applicant.
How to apply
- Preapplication coordination
Contact the Maritime Administration, Office of Financial Approvals.
- Criteria for selecting proposals
See Award Procedure section of this program.
- Award procedure
Citizenship of the applicant, whether the applicant owns or leases one or more eligible vessels, has an acceptable program for the acquisition, construction or reconstruction of a qualified vessel and has the financial capability to accomplish the program. Approved by the Associate Administrator for Business and Finance Development.
- Time to approval or disapproval
From 30 to 90 days.
Quick answers
What is Assistance Listing 20.808?
Assistance Listing 20.808 is Capital Construction Fund, a federal grant program run by Maritime Administration (Department of Transportation).
What is the CFDA number for Capital Construction Fund?
Its CFDA number is 20.808: Assistance Listing numbers were called CFDA numbers before 2018.
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