Title 16, ConservationRelease 119-110

§2807 Capital Requirements for Aquaculture

Title 16 › CHAPTER 48 — NATIONAL AQUACULTURE POLICY, PLANNING, AND DEVELOPMENT › § 2807

Last updated Sep 22, 2026|Official source

Summary

Within twelve months after September 26, 1980, the Secretaries, through the coordinating group, must study the money and credit needs of the U.S. aquaculture industry. The study must identify any funding or loan problems that hurt aquaculture and look at how federal financial help could fill gaps left by banks or existing government loan, guarantee, disaster loan, and insurance programs. The study must be sent to Congress. Within six months after the study is finished, the Secretaries must make a plan based on the study. The plan must say what federal actions, if any, are needed and recommend any changes in law, and it must be sent to Congress.

Full Legal Text

Title 16, §2807

Conservation, Source: USLM XML via OLRC

(a)Capital requirements study

The Secretaries, through the coordinating group, shall conduct within twelve months after September 26, 1980, a study of the capital requirements of the United States aquaculture industry. The study shall—

(1)document and analyze any capital constraints that affect the development of aquaculture in the United States; and

(2)evaluate the role that appropriate Federal financial assistance does or could play in filling gaps in the normal credit market with respect to aquaculture.

The study will identify the capital needs of the United States aquaculture industry, with emphasis on the needs that are not being filled either in normal credit channels or through government programs for direct loans, loan guarantees, disaster loans, and insurance. Upon its completion, the Secretaries shall submit the results of the study to Congress.

(b)Capital requirements plan

Based on the results of the Capital Requirements Study conducted under subsection (a), and within six months of the completion of the study, the Secretaries shall formulate a plan for acting on the study’s findings. The plan shall include: (1) those Federal actions, if any, found to be necessary to meet financial needs unmet through normal credit channels and existing Federal programs; and (2) recommendations, if any, for legislative actions. Upon completion, the plan shall be submitted to Congress.

Reference

Citations & Metadata

Citation

16 U.S.C. § 2807

Title 16, Conservation

Last Updated

Sep 22, 2026

Release point: 119-110