§ 742k. — Management and disposition of vessels and other property acquired and arising out of fishery loans or related type of activities.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 16USC742k]
TITLE 16--CONSERVATION
CHAPTER 9--FISH AND WILDLIFE SERVICE
Sec. 742k. Management and disposition of vessels and other
property acquired and arising out of fishery loans or related
type of activities
For the purpose of facilitating administration of, and protecting
the interest of the Government in, the fishery loan fund established by
section 742c of this title and any related type of activities relating
to fisheries for which the Department of the Interior is now or may
hereafter be responsible, the Secretary of the Interior, notwithstanding
any other provisions of law, may hereafter administer, complete,
recondition, reconstruct, renovate, repair, maintain, operate, charter,
assign, or sell upon such terms and conditions as he may deem most
advantageous to the United States, any vessel, plant, or other property
acquired by him on behalf of the United States and arising out of any
fishery loan or any related type of activity by the Secretary of the
Interior. The Secretary may use any of the applicable funds in each
particular instance for the aforesaid purposes.
(Pub. L. 87-219, Sept. 13, 1961, 75 Stat. 493.)
Transfer of Functions
Transfer of functions to Secretary of Commerce from Secretary of the
Interior by Reorg. Plan No. 4 of 1970, eff. Oct. 3, 1970, 35 F.R. 15627,
84 Stat. 2090, see Transfer of Functions note set out under section 742b
of this title.
