§ 2807. — Capital requirements for aquaculture.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 16USC2807]
TITLE 16--CONSERVATION
CHAPTER 48--NATIONAL AQUACULTURE POLICY, PLANNING, AND DEVELOPMENT
Sec. 2807. Capital requirements for aquaculture
(a) Capital requirements study
The Secretaries, through the coordinating group, shall conduct
within twelve months after September 26, 1980, a study of the capital
requirements of the United States aquaculture industry. The study
shall--
(1) document and analyze any capital constraints that affect the
development of aquaculture in the United States; and
(2) evaluate the role that appropriate Federal financial
assistance does or could play in filling gaps in the normal credit
market with respect to aquaculture.
The study will identify the capital needs of the United States
aquaculture industry, with emphasis on the needs that are not being
filled either in normal credit channels or through government programs
for direct loans, loan guarantees, disaster loans, and insurance. Upon
it completion, the Secretaries shall submit the results of the study to
Congress.
(b) Capital requirements plan
Based on the results of the Capital Requirements Study conducted
under subsection (a) of this section, and within six months of the
completion of the study, the Secretaries shall formulate a plan for
acting on the study's findings. The plan shall include: (1) those
Federal actions, if any, found to be necessary to meet financial needs
unmet through normal credit channels and existing Federal programs; and
(2) recommendations, if any, for legislative actions. Upon completion,
the plan shall be submitted to Congress.
(Pub. L. 96-362, Sec. 8, Sept. 26, 1980, 94 Stat. 1204.)
