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16 U.S.C. § 742k — Management and disposition of vessels and other property acquired and arising out of fishery loans or related type of activities

Federal law — U.S. Code and appendices · legal_authorities

16 U.S.C. § 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section742c&num=0&edition=prelim) 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.

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Source file: Laws/federal/codes/united-states-code/title-16/section-742k-management-and-disposition-of-vessels-and-other-property-acquired-and-ar--e1e63ec37a.md
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Source location: Title 16, Chapter 9, § 742k; chapter-009-fish-and-wildlife-service.md

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Federal law — U.S. Code and appendices · legal_authorities

16 U.S.C. § 742b — United States Fish and Wildlife Service

**(a) Assistant Secretary for Fish and Wildlife** There is established within the Department of the Interior the position of Assistant Secretary for Fish and Wildlife. Such Assistant Secretary shall be appointed by the President, by and with the advice and consent of the Senate, and shall be compensated at the same rate as other Assistant Secretaries. **(b) Establishment; Director of United States Fish and Wildlife Service; appointment; qualifications** There is established within the Department of the Interior the United States Fish and Wildlife Service. The functions of the United States Fish and Wildlife Service shall be administered under the supervision of the Director, who shall be subject to the supervision of the Assistant Secretary for Fish and Wildlife. The Director of the United States Fish and Wildlife Service shall be appointed by the President, by and with the advice and consent of the Senate. No individual may be appointed as the Director unless he is, by reason of scientific education and experience, knowledgeable in the principles of fisheries and wildlife management. **(c) Succession to United States Fish and Wildlife Service and Bureau of Sport Fisheries and Wildlife** The United States Fish and Wildlife Service established by subsection (b) shall succeed to and replace the United States Fish and Wildlife Service (as constituted on June 30, 1974) and the Bureau of Sport Fisheries and Wildlife (as constituted on such date). All laws and regulations in effect on June 30, 1974, which relate to matters administered by the Department of the Interior through the United States Fish and Wildlife Service (as constituted on such date) and the Bureau of Sport Fisheries and Wildlife (as constituted on such date) shall remain in effect. **(d) Functions and resp

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Federal law — U.S. Code and appendices · legal_authorities

16 U.S.C. § 742c — Loans for financing or refinancing of cost of purchasing, constructing, equipping, maintaining, repairing, or operating commercial fishing vessels or gear

**(a) Authorization** The Secretary of the Interior is authorized, under such rules and regulations and under such terms and conditions as he may prescribe, to make loans for financing or refinancing of the cost of purchasing, constructing, equipping, maintaining, repairing, or operating new or used commercial fishing vessels or gear. **(b) Conditions** Any loans made under the provisions of this section shall be subject to the following restrictions: (1) Bear an interest rate of not less than (a) a rate determined by the Secretary of the Treasury, taking into consideration the average market yield on outstanding Treasury obligations of comparable maturity, plus (b) such additional charge, if any, toward covering other costs of the program as the Secretary may determine to be consistent with its purpose. (2) Mature in not more than ten years, except that where a loan is for all or part of the costs of constructing a new fishing vessel, such period may be fourteen years. (3) No financial assistance shall be extended pursuant to this section unless reasonable financial assistance applied for is not otherwise available on reasonable terms. (4) Loans shall be approved only upon the furnishing of such security or other reasonable assurance of repayment as the Secretary may require considering the objectives of this section which are to upgrade commercial fishing vessels and gear and to provide reasonable financial assistance not otherwise available to commercial fishermen. The proposed collateral for a loan must be of such a nature that, when considered with the integrity and ability of the management, and the applicant’s past and prospective earnings, repayment of the loan will be reasonably assured. (5) The applicant shall possess the ability, experience, resources,

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Federal law — U.S. Code and appendices · legal_authorities

16 U.S.C. § 742k — Management and disposition of vessels

Page 1312 TITLE 16—CONSERVATION § 742j–2 1 So in original. Probably should be ‘‘section’’. (d) Enforcement; regulations; arrest; search; issuance and execution of warrants and process; cooperative agreements The Secretary of the Interior shall enforce the provisions of this section and shall promulgate such regulations as he deems necessary and ap- propriate to carry out such enforcement. Any employee of the Department of the Interior au- thorized by the Secretary of the Interior to en- force the provisions of this section may, without warrant, arrest any person committing in his presence or view a violation of this section or of any regulation issued hereunder and take such person immediately for examination or trial be- fore an officer or court of competent jurisdic- tion; may execute any warrant or other process issued by an officer or court of competent juris- diction for the enforcement of the provisions of this section; and may, with or without a war- rant, as authorized by law, search any place. The Secretary of the Interior is authorized to enter into cooperative agreements with State fish and wildlife agencies or other appropriate State authorities to facilitate enforcement of this section, and by such agreements to delegate such enforcement authority to State law en- forcement personnel as he deems appropriate for effective enforcement of this section. Any judge of any court established under the laws of the United States, and any United States mag- istrate judge may, within his respective jurisdic- tion, upon proper oath or affirmation showing probable cause, issue warrants in all such cases. (e) Forfeiture All birds, fish, or other animals shot or cap- tured contrary to the provisions of this section, or of any regulation issued her

Source: Supplied 2024 U.S. Code historical extraction · 16 U.S.C. § 742k

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