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Under what authority can MARAD transfer merchant type ships to States for use as artificial reefs?

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Under what authority can MARAD transfer merchant type ships to States for use as artificial reefs?

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Public Law 92-402 (16 U.S.C. 1220, et. seq.) provides the U.S. Maritime Administration (MARAD), under the Department of Transportation, to transfer obsolete ships to any state for use as an artificial reef. This authority was amended by Public Law 107-314 section 3504 to allow MARAD to provide financial assistance to states for environmental preparation, towing, and/or sinking and by Public Law 108-136 section 3516 to allow MARAD to transfer obsolete vessels to U.S. territories and foreign countries for use as artificial reefs.

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