12 2 STA T .874PUBLIC LA W 11 0– 22 9—M A Y 8 , 2008 14, 1 986)’ ’ andi n sert in g‘ ‘se c ti o n1 03(k )o fPubl ic L a w 108 – 188, 11 7S tat .2 734, D ece m ber 17, 2003’’
( G )int h e first sentence of section 341, b y striking ‘‘Section 141’’ and inserting ‘‘section 141’’; ( H ) in section 342 — (i) in subsection (a), by striking ‘‘14 U .S. C . 19 5 ’’ and inserting ‘‘section 195 of title 14, United States Code’’; and (ii) in subsection (b)— ( I ) by striking ‘‘46 U.S.C. 1295(b)(6)’’ and inserting ‘‘section 1303(b)(6) of the M erchant Marine A ct, 1936 (46 U.S.C. 1295b(b)(6))’’; and (II) by striking ‘‘46 U.S.C. 1295b(b)(6)(C)’’ and inserting ‘‘section 1303(b)(6)(C) of that Act’’; (I) in the third sentence of section 354(a), by striking ‘‘section 442 and 452’’ and inserting ‘‘sections 442 and 452’’; ( J ) in the first sentence of section 443, by inserting ‘‘, as amended.’’ after ‘‘the Com p act’’; ( K ) in the matter preceding paragraph (1) of section 461(h)— (i) by striking ‘‘1978’’ and inserting ‘‘1998’’; and (ii) by striking ‘‘ T elecommunications’’ and inserting ‘‘Telecommunication Union’’; and (L) in section 463(b), by striking ‘‘Article’’ and inserting ‘‘Articles’’. SEC.807 . TRAN S MI SSI O NO FV I D EOTA P E PRO G RAMMING. Section 111(e)(2) of title 17, United States Code, is amended by striking ‘‘or the Trust Territory of the Pacific Islands’’ and inserting ‘‘the F ederated States of Micronesia, the R epublic of Palau, or the Republic of the Marshall Islands’’. SEC. 808. PA L A U ROAD MAINTENANCE. The Go v ernment of the Republic of Palau may deposit the payment otherwise payable to the Government of the United States under section 111 of Public Law 101–219 (48 U.S.C. 1960) into a trust fund if— (1) the earnings of the trust fund are e x pended solely for maintenance of the road system constructed pursuant to section 212 of the Compact of Free Association between the Government of the United States of America and the Govern - ment of Palau (48 U.S.C. 1931 note); and (2) the trust fund is established and operated pursuant to an agreement entered into between the Government of the United States and the Government of the Republic of Palau. SEC. 80 9 . CLARIFICATION OF TA X- FREE STATUS OF TRUST FUNDS. In the U.S.–RMI Compact, the U.S.–FSM Compact, and their respective trust fund subsidiary agreements, for the purposes of taxation by the United States or its subsidiary j urisdictions, the term ‘‘State’’ means ‘‘State, territory, or the District of Columbia’’. SEC. 8 1 0. TRANSFER OF NAVAL VESSELS TO CERTAIN FOREIGN RECIPI- ENTS. (a) T RANSFE RS BY GRAN T .—The President is authori z ed to transfer vessels to foreign countries on a grant basis under section Presid e nt.48USC192 1 n o te. 48 USC 19 60 note.
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