Page:United States Statutes at Large Volume 74.djvu/252

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[74 Stat. 212]
[74 Stat. 212]
PUBLIC LAW 86-000—MMMM. DD, 1960

212 40 USC 258a-e.

Transfer of jurisdiction.

PUBLIC LAW 86-516-JUNE 12, 1960

[74

ST A T.

the Act approved February 26, 1931 (46 Stat. 1421; 40 U.S.C., sees. 257ar-e) and the Act approved October 21, 1942 (56 Stat. Y97; 40 U.S.C., sec. 258f), shall be applicable to any condemnation proceedings instituted pursuant to authority of this Act. (b) When any land under the jurisdiction of any department or agency of the United States may be needed for the construction or operation of the Potomac interceptor, the appropriate officer of such d.epartment or agency is authorized, upon re<juest of the Commissioners, to transfer to the Commissioners jurisdiction over so much of such land, or of such interests therein, as the Commissioners shall request. Approved June 12, 1960. Public Law 86-516

June 12, 1960 [H. R. 5421]

Fishing v e s s e l s. Construction assistance.

Subsidies. Applications.

"Contracts.

Subsidies, ditions.

72 Stat, 676. 19 USC 1364.

AN ACT To provide a program of assistance to correct inequities in the construction of Ashing vessels and to enable the fishing industry of the United States to regain a favorable economic status, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That in order to assist certain depressed segments of the fishing industry the Secretary of the Interior is hereby authorized to pay in accordance with this Act a subsidy for the construction of fishing vessels in the shipyards of the United States. SEC. 2. Any citizen of the United States may apply to the Secretary for a construction subsidy to aid in construction of a new fishing vessel in accordance with this Act. No such application shall be approved by the Secretary unless he determined that (1) the plans and specifications for the fishing vessel are suitable for use in the fishery in which that vessel will operate and suitable for use by the United States for National Defense or military purposes in time of war or National emergency, (2) that the applicant possesses the ability, experience, resources, and other qualifications necessary to enable him to operate and maintain the proposed new fishing vessel, (3) will aid in the development of the United States fisheries under conditions that the Secretary considers to be in the public interest, (4) that the vessel, except under force majeure will deliver its full catch to a port of the United States, (5) that the applicant will employ on the vessel only citizens of the United States or aliens legally domiciled in the United States, (6) the vessel will be documented under the laws of the United States, and ^(7) such other conditions as the Secretary may consider to be in the'public interest. SEC. 3. If the Secretary, in the exercise of his discretion, determines that the granting of a subsidy applied for is reasonably calculated to carry out the purposes of this Act, he may approve such application and enter into a contract or contracts with the applicant which will provide for payment by the United States of a construction subsidy m accordance with the purposes and provisions of this Act and in accordance with any other conditions or limitations which may be prescribed by the Secretary. SEC. 4. A construction subsidy shall be granted under this Act only to assist in the construction of a fishing vessel to be operated in (1) a fishery suffering injury from which escape clause relief has been recommended by the Tariff Commission under the Trade Agreements Assistance Act of 1951, as amended (65 Stat. 74), but where such relief has been or is hereafter denied under section 7(c) of such Act; (2) a fishery found by the Secretary to be injured or threatened with injury