section 1973 of this titlesection 1975(a) of this titlesection 1973 of this titlesection 1975(b)(1) of this titleThere is created a Fishermen’s Protective Fund which shall be used by the Secretary of State to reimburse owners of vessels for amounts determined and certified by him under . The amount of any claim or portion thereof collected by the Secretary of State from any foreign country pursuant to shall be deposited in the fund and shall be available for the purpose of reimbursing vessel owners under ; except that if a transfer to the fund was made pursuant to with respect to any such claim, an amount from the fund equal to the amount so collected shall be covered into the Treasury as miscellaneous receipts. There is authorized to be appropriated to the fund (1) the sum of $3,000,000 to provide initial capital, and (2) such additional sums as may be necessary from time to time to supplement the fund in order to meet the requirements of the fund.
Aug. 27, 1954, ch. 1018, § 9Pub. L. 92–569, § 586 Stat. 1183Pub. L. 98–364, title III, § 302(c)98 Stat. 444(, as added , , ; amended , , .)
Editorial Notes
Amendments
Pub. L. 98–3641984— substituted “Secretary of State” for “Secretary of the Treasury” and “determined and certified by him” for “certified to him by the Secretary of State”.
Statutory Notes and Related Subsidiaries
Effective Date
section 1973 of this titlesection 6 of Pub. L. 92–569section 1972 of this titleSection applicable with respect to seizure of vessels of the United States occurring on or after , except that reimbursements under may be made from the fund established by this section with respect to seizure of vessels occurring after and before , if no reimbursement was made before , see , set out as an Effective Date of 1972 Amendment note under .