Establishing Non-Profit Support for US Merchant Marine Academy Athletics.
This law authorizes the Secretary of Transportation to establish a new, federally supported non-profit corporation dedicated solely to fundraising and managing the athletic programs of the US Merchant Marine Academy (USMMA). This mechanism streamlines financial support for USMMA sports, allowing the corporation to enter into contracts, accept donations, and lease academy property. All funds generated must be used exclusively for the academy's athletic, educational, and recruitment purposes.
Key points
Creates a new, federally overseen non-profit corporation to provide financial support for the US Merchant Marine Academy's athletic programs.
Allows the corporation to lease academy real estate for up to five years and utilize federal support services (like utilities and equipment).
Authorizes the use of revenue from USMMA trademark licensing and external donations specifically for sports funding and student recruitment.
Status:
Introduced
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