{"data":{"id":"us/46-u.s.c.-53512","jurisdiction":"us","citation":"46 U.S.C. § 53512","heading":"FIFO and LIFO withdrawals","body":"(a) FIFO.—Except as provided in subsection (b), an amount withdrawn from an account under this chapter shall be treated as withdrawn on a first-in-first-out basis. (b) LIFO.—An amount withdrawn from an account under this chapter shall be treated as withdrawn on a last-in-first-out basis if it is—(1) a nonqualified withdrawal for research, development, and design expenses incident to new and advanced vessel design, machinery, and equipment; or (2) an amount treated as a nonqualified withdrawal under section 53510(d) of this title.","path":["Title 46—SHIPPING","CHAPTER 535—CAPITAL CONSTRUCTION FUNDS"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc46@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T06:00:50Z","sha256":"b2b7ecbb03420f1e9e22f8cff57600dc4e71ef9c9a9df140157a2f866a64d4d7","source_id":"us","stale":true,"prev":"us/46-u.s.c.-53511","next":"us/46-u.s.c.-53513"},"notice":"GroundRules: Original legal text. Not legal advice."}