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Construction Reserve Fund (CRF)
20.812
To promote the construction, reconstruction, reconditioning, or acquisition of merchant vessels built and documented under the laws of the United States for purposes of national defense and the development of U.S. commerce.
This chart shows obligations for the program by fiscal year. All data for this chart was provided by the
administering agency and sourced from SAM.gov, USASpending.gov, and Treasury.gov.
For more information on each of these data sources, please see the
About the data page.
In 2016 over 20 vessels were constructed with funds deposited into CRFs. In 2016 over 30 vessels were constructed with funds deposited into CRFs.
Program participants received tax benefits.
Two Construction Reserve Fund (CRF) Fundholders sold a total of {Nine} vessels from their fleet as of September 30, 2024. While taking advantage of the accumulation tax depreciation all net proceeds from vessel sales were used for New Builds.
Single Audit Applies (2 CFR Part 200 Subpart F):
For additional information on single audit requirements for this program, review the current Compliance Supplement.
OMB is working with the U.S. Government Accountability Office (GAO) and agency offices of inspectors general to include links to relevant oversight reports. This section will be updated once this information is made available.
