§ 4008. Establishment of Fisheries Promotional Fund

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.

1. 1986

   Fish and Seafood Promotion Act of 1986

   Pub. L. 99–659 title II § 209 · 100 Stat. 3706

   Enacted · 16 U.S.C. § 4008

   Pub. L. 99–659, title II, § 209, Nov. 14, 1986, 100 Stat. 3720

   Source evidence

   Code source credit
   Pub. L. 99–659, title II, § 209, Nov. 14, 1986, 100 Stat. 3720

   Enacted provision · exact public law section
   SEC. 209. ESTABLISHMENT OF FISHERIES PROMOTIONAL FUND. (a) Establishment of the Fund.— There is established in the Treasury of the United States a Fisheries Promotional Fund. The Fund shall be available, to the extent provided for in appropriation Acts, for the purpose of making payments to carry out the annual marketing and promotion plan and annual budget of the National Council under this title. (b) Deposits.— There shall be deposited in the Fund— (1) the moneys transferred to the Fund under section 2(b)(2) of the Act of August 11, 1939 (commonly known as the SaltonstallKennedy Act; 15 U.S.C. 713c–3(b)); (2) payments made voluntarily pursuant to section 208 of this title; and (3) receipts from investments made under subsection (c) of this section. (c) Deposits and Investments.— Sums in the Fund that are not currently needed for the purposes of the Fund shall be kept on deposit in appropriate interest-bearing accounts that shall be established by the Secretary of the Treasury, or invested in obligations of, or guaranteed by, the United States. Any revenue accruing from such deposits and investments shall be deposited in the Fund. (d) Authorization.— There are authorized to be appropriated from the Fund, for the purposes of carrying out the annual marketing and promotion plan and annual budget of the National Council under this title, such sums as are deposited in the Fund under subsection (b) of this section in each fiscal year beginning in fiscal year 1987 through fiscal year 1990. (e) Amendments to the SaltonstallKennedy Act.— Subsection (b) of section 2 of the Act of August 11, 1939 (15 U.S.C. 713c–3(b)), is amended— (1) by inserting “(1)” before “The Secretary of Agriculture”; (2) by striking out “separate fund” and all that follows thereafter and inserting in lieu thereof the following: “separate fund only for— “(A) use by the Secretary— Research and development. “(i) to provide financial assistance for the purpose of carrying out fisheries research and development projects approved under subsection (c), and “(ii) to implement the national fisheries research and development program provided for under subsection (d); and “(B) the provision of moneys, subject to paragraph (2), to carry out the purposes of the Fisheries Promotion Fund established under section 208(a) of the Fish and Seafood Promotion Act of 1986.”; and (3) by adding at the end thereof the following new paragraph: “(2) There are transferred from the fund established under paragraph (1) to the Fisheries Promotion Fund referred to in paragraph (1)(B) $750,000 in fiscal year 1987, $3,000,000 in each of fiscal years 1988 and 1989, and $2,000,000 in fiscal year 1990.”.

2. 1990

   Pub. L. 101–627 title VII § 702 · 104 Stat. 4436

   Substituted · 16 U.S.C. § 4008(d)

   Pub. L. 101–627 substituted “1991” for “1990”

   Source evidence

   Code amendment note
   Subsec. (d). Pub. L. 101–627 substituted “1991” for “1990”.

   Enacted provision · exact public law section
   Sec. 702. authorization of appropriations Section 209(d) of the Fish and Seafood Promotion Act of 1986 (16 U.S.C. 4008(d)) is amended by striking “1990” and inserting in lieu thereof “1991”.

2 of 2 references resolved to an enrolled provision