Public Law 83–466

That section 2 of the Act of August 11, 1939 (53 Stat. 1411), is hereby amended to read as follows:

“Sec. 2.

(a)(a)

The Secretary of Agriculture shall transfer to the

Transfer of funds.

Secretary of the Interior each fiscal year, beginning with the fiscal year commencing July 1, 1954, and ending on June 30, 1957, from moneys made available to carry out the provisions of section 32 of such

49 Stat. 774.

7 USC 612c.

Act of August 24, 1935, an amount equal to 30 per centum of the gross receipts from duties collected under the customs laws on fishery products (including fish, shellfish, mollusks, Crustacea, aquatic plants and animals, and any products thereof, including processed and manufactured products), which shall be maintained in a separate fund and

Use.

used by the Secretary of the Interior (1) to promote the free flow of domestically produced fishery products in commerce by conducting a fishery educational service and fishery technological, biological and related research programs, the moneys so transferred to be also available for the purchase or other acquisition, construction, equipment, operation, and maintenance of vessels or other facilities necessary for conducting research as provided for in this section, and (2) to develop and increase markets for fishery products of domestic origin and (3) to conduct any biological, technological, or other research pertaining to American fisheries.

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“(b)“(b)

For the purposes of this section, any agency of the United

Transfer of excess vessels, etc.

States, or any corporation wholly owned by the United States, is authorized to transfer, without reimbursement or transfer of funds, any vessels or equipment excess to its needs required by the Secretary of the Interior for the activities, studies, and research authorized herein.

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“(c)“(c)

In carrying out the purposes and objectives of this section,

Agency cooperation, etc.

the Secretary of the Interior is directed as far as practicable to cooperate with other appropriate agencies of the Federal Government, with State or local governmental agencies, private agencies, organizations, or individuals, having jurisdiction over or an interest in fish or fishery commodities and he is authorized to appoint an advisory

Advisory Committee.

committee of the American fisheries industry to advise him in the formulation of policy, rules and regulations pertaining to requests for assistance, and other matters.

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“(d)“(d)

The Secretary of the Interior is further authorized to retransfer

Retransfer of funds.

any of the funds not to exceed $1,500,000 to be made available under this section to the Secretary of Agriculture to be used for the purposes specified in section 1 of this Act, and only such funds as are thus transferred shall be used for the purposes specified in section 1 of this Act with respect to domestically produced fishery products.

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“(e)“(e)

The separate fund created for the use of the Secretary of

Availability of funds.

the Interior under section 2 (a) of this Act and the annual accruals thereto shall be available until expended, except (1) that not more than $3,000,000 be spent in any fiscal year and (2) that the balance of the fund shall not exceed $5,000,000 at the end of any fiscal year, and the Secretary of the Interior shall retransfer the funds in excess of said $5,000,000 balance to the Secretary of Agriculture to be used for the purposes specified in section 32 of the Act of 1935 (49 Stat. 774; 7 U. S. C. 612c), as amended.

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“(f)“(f)

The Secretary of the Interior shall make a report to the appropriate

Report.

committees of Congress annually on the use of the separate fund created under section 2 of this Act.”

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