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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 16 U.S.C. § 742c1 Investment in obligations of the United States; proceeds to be used for fisheries us united_states_code code_section 16 CONSERVATION 9 FISH AND WILDLIFE SERVICE 742c1 16 U.S.C. § 742c1 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc16@119-100.zip /us/usc/t16/s742c1 data/legal/raw/us/code/title-16/usc16.xml 2fec77f4789b472e11cf1b2a398cc4d92322cd3fb30df0d6951d97eb12d430a2 7be8950da5a93cac7c98e4576ce00340f2aba5e8e46d29915382c203c421d503 105c7628766ef085f8e3b28c2060b39b331e37468e5740fafeae74017b402a63 2026-07-04 official
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16 U.S.C. § 742c1 - Investment in obligations of the United States; proceeds to be used for fisheries

Text

All moneys in the Fisheries Loan Fund established under Section 11 So in original. Probably should not be capitalized. 742c of this title shall be invested by the Secretary of Commerce in obligations of the United States, except so much as shall be currently needed for loans or administrative expenses authorized under the Fisheries Loan Fund. All accrued proceeds from such investment shall be, subject to amounts provided in advance by appropriations, credited by the Secretary of the Treasury to the debt of the Secretary of Commerce incurred under section 53723 of title 46 in connection with fisheries financing under chapter 537 of title 46 for so long as such debt exists. All accrued proceeds from such investment, after such debt has been liquidated, shall be, subject to amounts provided in advance by appropriations, credited to the fisheries portion of the Federal Ship Financing Fund established under section 1102 of the Merchant Marine Act, 1936, as amended, and used for the fisheries purposes provided in chapter 537 of title 46.

(Pub. L. 98498, title IV, § 432, Oct. 19, 1984, 98 Stat. 2310.)

Notes

Editorial Notes

References in TextSection 1102 of the Merchant Marine Act, 1936, referred to in text, is section 1102 of Act June 29, 1936, ch. 858, which was classified to section 1272 of former Title 46, Appendix, Shipping. Section 1102 was repealed by Pub. L. 109304, § 19, Oct. 6, 2006, 120 Stat. 1710. See also Historical and Revision Notes under section 53717 of Title 46, Shipping.

Codification In text, “section 53723 of title 46” substituted for “section 1105(d) of the Merchant Marine Act, 1936 (46 U.S.C. 1275), as amended,” and “chapter 537 of title 46” substituted for “title XI of the Merchant Marine Act, 1936 (46 U.S.C. 12711280), as amended,” and for “title XI of the Merchant Marine Act, 1936 (46 U.S.C. 12711280), as amended”, on authority of Pub. L. 109304, § 18(c), Oct. 6, 2006, 120 Stat. 1709, which Act enacted chapter 537 of Title 46, Shipping.