82 STAT. ]
PUBLIC LAW 90-482-AUG. 12, 1968
SEC. 15. For the purpose of carrying out the provisions of this Act over a period of three fiscal years, beginning with the fiscal year ending June 30, 1969, there is authorized to be appropriated not to exceed $500,000 for the fiscal year ending June 30, 1969; not to exceed $2,000,000 for the fiscal year ending June 30, 1970; and not to exceed $4,000,000 for the fiscal year ending June 30, 1971. Approved August 12, 1968.
Public Law 90-482 AN ACT August 12, 1968 To amend the Act of August 27, 1954, relative to the unlawful seizure of fishing ^__[s^_2269] vessels of the United States by foreign countries.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled. That the Act of Fishermen's August 27, 1954 (68 Stat. 883; 22 U.S.C. 1971-1976), is amended by fggramendment adding at the end thereof a new section to read as follows: "SEC. 7. (a) The Secretary, upon receipt of an application filed with him at any time after the effective date of this section by the owner of any vessel of the United States which is documented or certificated as a commercial fishing vessel, shall enter into an agreement with such owner subject to the provisions of this section and such other terms and conditions as the Secretary deems appropriate. Such agreement shall provide that, if said vessel is seized by a foreign country and detained under the conditions of section 2 of this Act, the Secretary shall ^^ "^^ ^^^2guarantee— " (1) the owner of such vessel for all actual costs, except those covered by section 3 of this Act, incurred by the owner during the ^^ ^^^ ^^^^' seizure and detention period and as a direct result thereof, as determined by the Secretary, resulting (A) from any damage to, or destruction of, such vessel, or its fishing gear or other equipment, (B) from the loss or confiscation of such vessel, gear, or equipment, or (C) from dockage fees or utilities; "(2) the owner of such vessel and its crew for the market value of fish caught before seizure of such vessel and confiscated or spoiled during the period of detention; and "(3) the owner of such vessel and its crew for not to exceed 50 per centum of the gross income lost as a direct result of such seizure and detention, as determined by the Secretary of the Interior, based on the value of the average catch per day's fishing during the three most recent calendar years immediately preceding such seizure and detention of the vessel seized, or, if such experience is not available, then of all commercial fishing vessels of the Ignited States engaged in the same fishery as that of the type and size of the seized vessel. "(b) Payments made by the Secretary under paragraphs (2) and (3) of subsection (a) of this section shall be distributed by the Secretary in accordance with the usual practices and procedures of the particular segment of the United States commercial fishing industry to which the seized vessel belongs relative to the sale of fish caught and the distribution of the proceeds of such sale.