§ 3331. — Fleet adjustment program.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 16USC3331]
TITLE 16--CONSERVATION
CHAPTER 52--SALMON AND STEELHEAD CONSERVATION AND ENHANCEMENT
SUBCHAPTER IV--COMMERCIAL FISHING FLEET ADJUSTMENT
Sec. 3331. Fleet adjustment program
(a) In general
The Secretary of Commerce (hereinafter referred to in this
subchapter as the ``Secretary''), upon approval of a program submitted
pursuant to section 3333 of this title, is authorized to distribute
Federal funds to the State of Washington (hereinafter in this subchapter
referred to as the ``State''), subject to the standards, conditions, and
restrictions set forth in this subchapter, for the purchase of
commercial fishing and charter vessels (including the associated fishing
gear) and licenses by the State in accordance with the provisions of
this subchapter. The Federal share payable under this subchapter shall
not exceed 75 percent of the total cost of the program.
(b) Legal title
Title to any vessel or other personal property purchased under a
State program approved by the Secretary in accordance with the
provisions of this subchapter shall vest upon purchase in the State. If
the State sells such vessels or other property, title may pass in
accordance with such sale.
(Pub. L. 96-561, title I, Sec. 130, Dec. 22, 1980, 94 Stat. 3283.)
