Title 16 — Conservation
Chapter 48 — National Aquaculture Policy, Planning, and Development
§ 2807. Capital requirements for aquaculture
Statutory text
Capital requirements study
The Secretaries, through the coordinating group, shall conduct within twelve months after , a study of the capital requirements of the United States aquaculture industry. The study shall—
document and analyze any capital constraints that affect the development of aquaculture in the United States; and
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 its completion, the Secretaries shall submit the results of the study to Congress.
Capital requirements plan
Based on the results of the Capital Requirements Study conducted under subsection (a), 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.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
National Aquaculture Act of 1980
Pub. L. 96–362 § 8 · 94 Stat. 1198
Enacted · 16 U.S.C. § 2807
(Pub. L. 96–362, § 8, Sept. 26, 1980, 94 Stat. 1204.)
Source evidence
Code source credit
(Pub. L. 96–362, § 8, Sept. 26, 1980, 94 Stat. 1204.)Enacted provision · exact public law section
Sec. 8. capital requirements for aquaculture (a) Capital Requirements Study.— The Secretaries, through the coordinating group, shall conduct within twelve months after the date of enactment of this Act, 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 Submittal to Congress. insurance. Upon its 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), 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 Submittal to Congress. Congress.
1 of 1 references resolved to an enrolled provision